Allianz has provided all the capital for AV8 Ventures' first fund, the VC firm being led by former executives at IBM Ventures and Qualcomm Ventures.
US and UK-based venture capital firm AV8 Ventures has closed its €150m ($170m) debut fund after securing the full amount from insurance firm Allianz, TechCrunch reported today.
AV8 will invest in seed and series A-stage startups in the digital health, big data, artificial intelligence, mobility and enterprise technology sectors.
The fund has already been investing for approximately a year and currently boasts seven portfolio companies including Locomation, an autonomous trucking technology spinout of Carnegie Mellon University.
The portfolio also includes…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
