Axeleo Capital
Axeleo Capital is a European early-stage venture capital fund founded in 2017, managing €300 million in assets across four funds. It invests in tech startups focused on digital and green transformation, providing seed to Series B funding along with strategic, hands-on support.
Axeleo Capital is a LYON venture capital firm with €300M AUM, 44 active companies and 26 exits.
- ·24 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 25 realized deals: 3 years.
- ·Top sector focus: Software (40% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2024.
Sector breakdown
70 companiesGeography breakdown
8 geographiesKey facts
Recent exits
Axeleo Capital exited Sitowie in 2026 after 1 year.
Axeleo Capital sold Yogosha to Groupe Creative in 2026 after 5 years.
Axeleo Capital sold Zygon to Memority in 2026 after 3 years.
Axeleo Capital sold 365Talents to Docebo in 2026 after 7 years.
Coverage notes
4 funds tracked, 70 portfolio companies (44 active · 26 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Axeleo Capital has raised, with its portfolio companies. Hand-checked from public filings.
Axeleo Green Tech Industry IVC2024€125M7 assetsVC2024 · 2yr€125M7–
Unrealized
7 held| Company | Entry |
|---|---|
| Bioweg MedTech · France | 2025 |
| Bobine Chemistry Industrials · France | 2026 |
| Exergy3 ClimateTech · UK | 2026 |
| Gobano Robotics Industrials · France | 2025 |
| Mob Energy ClimateTech · France | 2023 |
| Oxyle Industrials · Switzerland | 2025 |
| Sweetch Energy ClimateTech · France | 2024 |
Axeleo Capital 2VC2022€73M15 assets5 exitsVC2022 · 4yr€73M155
Unrealized
15 held| Company | Entry |
|---|---|
| 2501.ai AI/ML · France | 2025 |
| Actionable Software · France | 2024 |
| Argil AI/ML · France | 2024 |
| DBtune Data & Analytics · France | 2023 |
| Formance Software · France | 2021 |
| Kestra Software · France | 2024 |
| Linkup AI/ML · France | 2026 |
| Omaha Financials · France | 2024 |
| Picsellia Software · France | 2021 |
| Pionix Mobility · Germany | 2025 |
| Rime Finance Fintech · France | 2025 |
| Sopht SaaS · France | 2024 |
| Symbiotic Security Cybersecurity · France | 2024 |
| Tenacy Cybersecurity · France | 2023 |
| Triver Fintech · UK | 2021 |
Axeleo Proptech 1VC2020€40M12 assets1 exitsVC2020 · 6yr€40M121
Unrealized
12 held| Company | Entry |
|---|---|
| Bright Spaces Industrials · Romania | 2021 |
| BRXS Software · Netherlands | 2024 |
| Check & Visit Software · France | 2020 |
| GarantMe InsurTech · France | 2020 |
| Graneet SaaS · France | 2023 |
| Keyzy Software · France | 2023 |
| laiout Software · France | 2021 |
| Monga SaaS · France | 2022 |
| oculai TMT · Germany | 2023 |
| Offroad Software · France | 2025 |
| Propster Software · Austria | 2025 |
| Solteo Software · France | 2024 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Prello Software · France | 2021 | 2025 | – | – | – |
Axeleo Capital 1HarvestingVC2017€45M10 assets20 exitsVC2017 · 9yr€45M1020
Unrealized
10 held| Company | Entry |
|---|---|
| Adagio Software · France | 2018 |
| Beanstock Software · France | 2021 |
| Bliink AdTech · France | 2019 |
| Citalid Software · France | 2019 |
| Glopal E-commerce · France | 2023 |
| Happydemics Data & Analytics · France | 2017 |
| Joko Software · France | 2018 |
| Luzmo Data & Analytics · Belgium | 2023 |
| Myr.ai Software · France | 2022 |
| Trustpair Cybersecurity · France | 2022 |
Realized
20 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| 365Talents HR Tech · France | 2019 | 2026 | Trade Sale | Docebo | – |
| Alsid Cybersecurity · France | 2018 | 2021 | Trade Sale | Tenable | – |
| Aplo Software · France | 2019 | 2025 | Trade Sale | Coincheck Group | – |
| Bifröst Software · France | 2021 | 2024 | – | – | – |
| Cloudskiff Software · France | 2020 | 2021 | Trade Sale | Snyk | – |
| Clustaar Software · France | 2018 | 2025 | Trade Sale | Craftman AI | – |
| DataHawk Technologies Data & Analytics · France | 2019 | 2025 | Trade Sale | Worldeye Technologies | – |
| Ermeo SaaS · France | 2017 | 2021 | Trade Sale | Causeway Technologies | – |
| Hxperience SaaS · France | 2018 | 2023 | Trade Sale | Decide4Action | – |
| Hyperlex LegalTech · France | 2019 | 2022 | Trade Sale | DiliTrust | – |
| iFollow Logistics · France | 2018 | 2022 | Trade Sale | stow Group | – |
| InUse Software · France | 2024 | – | MBO | Management | – |
| Jenji Software · France | 2017 | 2022 | Trade Sale | Silae | – |
| Kadiska Cybersecurity · France | 2022 | 2023 | Trade Sale | Netskope | – |
| Mantra Cybersecurity · France | 2020 | 2025 | Trade Sale | Cyber Guru | – |
| Manty Software · France | 2020 | 2022 | Trade Sale | Relyens | – |
| Okarito Software · France | 2020 | 2022 | Trade Sale | Swile | – |
| Supli Software · France | 2021 | 2022 | Trade Sale | Orderlion | – |
| Tilkee SaaS · France | 2017 | 2022 | Trade Sale | Efalia | – |
| Yuso Fleet Software · France | 2016 | 2017 | Trade Sale | RCI Bank and Services (Renault Group) | – |
About Axeleo Capital
Axeleo Capital is a European early-stage venture capital fund with €300 million of assets under management across four funds, founded in 2017 and headquartered in Lyon. The firm invests in tech startups focused on digital and green transformation, providing seed to Series B funding along with hands-on operational support across the European technology innovation ecosystem.
Investment thesis
Axeleo Capital targets European technology startups at seed and Series A-B stages, with sector focus on enterprise software, digital transformation, green technology and selective deep tech verticals. Equity ticket sizes typically range from €500 thousand seed positions through to €5 million Series A-B follow-on commitments. The Lyon regional heritage extends through pan-European deal sourcing across French, German, Dutch and broader European tech hubs.
Recent activity
Recent realised exits include 365Talents (software, 2026), Aplo (software, 2025), Cohort (software, 2025) and DataHawk Technologies (software, 2025), reflecting strong distribution momentum across the software venture portfolio. The platform tracks 5 funds, 48 active portfolio companies and 15 realised exits across the multi-vintage European VC programme.
Frequently asked questions
- What investment strategy does Axeleo Capital focus on?
- Axeleo Capital focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does Axeleo Capital have?
- Axeleo Capital has 44 active portfolio companies and 26 completed exits and 4 funds tracked on GP Intel.
- Where is Axeleo Capital headquartered?
- Axeleo Capital is headquartered in LYON, France.
- What is Axeleo Capital's assets under management?
- Axeleo Capital manages approximately €300M in assets under management.
- When was Axeleo Capital founded?
- Axeleo Capital was founded in 2017.
- What sectors does Axeleo Capital invest in?
- Axeleo Capital invests across TMT, Software, Energy, Business Services, Financials, Consumer, Industrials, Healthcare.
- What are Axeleo Capital's recent exits?
- Recent realized exits by Axeleo Capital include: Yogosha (2026) to Groupe Creative; Zygon (2026) to Memority; 365Talents (2026) to Docebo; Cohort (2025) to Brevo; Aplo (2025) to Coincheck Group; Clustaar (2025) to Craftman AI; DataHawk Technologies (2025) to Worldeye Technologies; Mantra (2025) to Cyber Guru.
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