The recently launched venture firm has secured capital commitments to its debut fund from investors including Axa and MACSF.
France-based venture capital firm Singular has raised €225m ($265m) for the close of its first fund, which was backed by insurance firms Axa and MACSF, TechCrunch reported on Monday.
Axa invested in the fund through corporate venturing arm Axa Venture Partners, while its other limited partners (LPs) included pension fund manager Ontario Teachers’ Pension Plan, development bank BPIfrance, Mubadala Capital, Vintage Investment Partners and Sofina.
The vehicle also secured commitments from unspecified pension funds, funds-of-funds, sovereign funds and family offices.…
