In 2024, Axeleo Capital showcased strong performance with 18 operations, including the launch of its Greentech Industrial fund and significant investments in innovative startups across Europe.

Overview of Axeleo Capital's 2024 Performance

In 2024, Axeleo Capital (AXC) experienced a remarkable year, executing a total of 18 operations consisting of 7 new investments, 10 follow-on funding rounds, and 1 successful exit. Notably, the firm launched its inaugural Greentech Industrial fund, named GTI 1, aimed at nurturing European Series A+ startups in the sectors of energy, chemicals, and materials. The fund achieved a successful first closing of €125 million in October, indicating robust investor confidence and commitment to supporting industrial innovation.

Target Details

Among its 2024 activities, Axeleo Capital's key transactions included significant financing rounds for various startups. For instance, Sopht raised €3.3 million in a Seed refinancing round aimed at helping businesses decrease their IT carbon emissions. Kestra, an open-source data orchestration platform, garnered €8 million in a follow-on Seed round, showcasing continued support for pioneering tech in the sector.