Up to EUR 20 m for Paris-based AXA Venture Fund IV

EIF has signed a commitment to invest up to EUR 20 m in AXA Venture Fund IV, a new Fund to be managed by AXA Private Equity (subsidiary of the French insurance and banking Group AXA). EIF's commitment represents 25% of the Fund’s EUR 80 m target size. AXA Venture Fund IV will primarily focus on early-stage, high technology companies in France, Germany and Italy. A specific emphasis will be on companies in the sectors of telecommunications software, enterprise applications, IT services, electronics, semiconductors, optical components, life sciences and biotechnology.