What is AXA Strategic Ventures ?

September 2015

External Brief

“Through AXA Strategic Ventures, we will leverage our global reach, capital and scale to serve as an accelerating force for start-up companies which have the potential to bring new approaches to the insurance model. We are aiming through this investment to better serve our customers and improve our daily interactions with them”

Henri de Castries, Chairman and CEO of AXA


KEYFACTS

A strategic initiative launched in February 2015 by AXA

€230M venture capital fund dedicated to emerging strategic innovations relevant to insurance, asset management, financial technology and healthcare service industries

6 offices: San Francisco, NYC, Paris, London, Berlin, Zurich and later on Hong-Kong.

Set up as a separate regulated entity with financial incentives for the investment team to balance financial and strategic goals

ASV invests in both start-ups via seed funding (early stage of the start-up) and in more established companies via venture capital (acceleration phase of the start-up).

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SEED STRATEGY

rouge

VENTURE STRATEGY

LIFE CYCLE OF START-UPS

COMPANY STAGE OF DEVELOPMENT

SEED

validate, build

  • Pre-revenue
  • Clear direction and target milestones
  • Initial development of product/service
  • Committed founding team
  • Generate investor interest

EARLY

launch

  • Some revenue and user growth
  • Clear product-market fit
  • Attract additional resources – personnel/investor

VENTURE

scale

  • Measurable market penetration and user growth
  • Large and growing market
  • Ability and desire to scale quickly
  • Attract significant resources – business deals; investors

GROWTH

maturity to exit

  • Established
  • Terminal growth – steady-state expected growth moving forward
  • Resources easily acquired
  • Founder exit or continue BAU

SEED

$250k – $2M

VENTURE

$2M – $10M

SEED

angels/crowdfunds/seed vc

SERIES A

crowdfunds/vc

SERIES B, C

vc

SERIES C1 …

vc, private equity

INDUSTRY FUNDING ROUNDS

OBJECTIVES & INVESTMENT STRATEGY

DELIVER APPROPRIATE FINANCIAL PERFORMANCE

CREATE OPTIONALITY

identify disruptive initiatives

CAPTURE INSIGHT

Expose AXA people to innovation


BUSINESS DEVELOPMENT

Offer start-ups the possibility of relying on AXA’s ecosystem


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GLOBAL REACH
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DEDICATED TEAMS
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LOCAL PRESENCE

HOW DO WE INVEST ?

left-arrow

230M€

right-arrow

SEED

EARLY STAGE

VENTURE

Late stage

ASV SEED

Solid team
Viable product
Technology focus
Strategic relevance to add value to the company

ASV GLOBAL

Companies that have derisked their technology
Proven revenues
Positive unit economics
Scalable

PORTFOLIO

We shape the future of finance by investing in disrupting technologies

Seed investments (average investment size: € 500k)


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We shape the future of finance by investing in disrupting technologies

Seed investments (average investment size: € 500k)

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CROWNFUNDING

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PREDICTIVE ANALYTICS

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DATA MANAGEMENT

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FINANCIAL INCLUSION

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ON-LINE INSURANCE

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ROBO-ADVISOR