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Axeleo Capital

Europe, Rhone-Alpes, France, Lyon

Description

Axeleo Capital is an early-stage French venture capital firm based in Lyon, primarily focused on B2B digital and deep tech startups. Established with a strong entrepreneurial ethos, the firm positions itself as more than just a capital provider, leveraging a large community of seasoned entrepreneurs to support its portfolio companies. This network offers strategic guidance, operational expertise, and market access, aiming to accelerate the growth and internationalization of its investments. Axeleo targets companies at the Seed and Series A stages, demonstrating a commitment to nurturing promising ventures from their nascent phases.

The firm's investment strategy is sector-specific, concentrating on high-growth B2B technology verticals. These include Software-as-a-Service (SaaS), Cybersecurity, Fintech, Proptech, HR Tech, and the broader Future of Work landscape. Axeleo Capital manages two primary funds: Axeleo Capital I, launched in 2017 with a size of €30 million, and the more recent Axeleo Capital II, which closed in 2021 at €60 million. These funds enable Axeleo to deploy significant capital into its chosen markets, supporting a robust portfolio of innovative companies.

Axeleo Capital typically provides initial cheques ranging from €300,000 to €1.5 million, with the capacity for substantial follow-on investments of up to €5 million. This flexible investment approach allows the firm to support its portfolio companies through multiple funding rounds as they scale. With a portfolio exceeding 50 startups and more than 20 successful exits to date, Axeleo Capital has established a track record of identifying and scaling B2B tech leaders. Its hands-on approach and deep industry expertise make it a significant player in the European early-stage venture ecosystem, particularly for B2B technology companies seeking not only funding but also strategic operational support.

Investor Profile

Axeleo Capital has backed more than 92 startups, with 11 new investments in the last 12 months alone. The firm has led 42 rounds, about 46% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in France, United Kingdom, Belgium.
  • Strong thematic focus on Software, SaaS, Information Technology.
  • Led 3 rounds in the past year.
  • Typical check size: $324K – $1.6M.

Stage Focus

  • Seed (61%)
  • Series A (24%)
  • Pre Seed (9%)
  • Series Unknown (4%)
  • Non Equity Assistance (1%)
  • Series B (1%)

Country Focus

  • France (84%)
  • United Kingdom (4%)
  • Belgium (2%)
  • Germany (2%)
  • The Netherlands (1%)
  • Sweden (1%)
  • Austria (1%)
  • Norway (1%)
  • Romania (1%)
  • Switzerland (1%)

Industry Focus

  • Software
  • Saas
  • Information Technology
  • Fintech
  • Analytics
  • Artificial Intelligence (Ai)
  • Cyber Security
  • Real Estate
  • Financial Services
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Axeleo Capital frequently co-invest with?

RC
Europe, Westminster, United Kingdom, Mayfair
Co-Investments: 4
Isai
Europe, Ile-de-France, France, Paris
Co-Investments: 4
Evolem Start
Europe, Rhone-Alpes, France, Lyon
Co-Investments: 4
Ventech
Europe, Ile-de-France, France, Paris
Co-Investments: 5
Hi Inov - Dentressangle
Europe, Rhone-Alpes, France, Lyon
Co-Investments: 4
Starquest Capital
Europe, Ile-de-France, France, Paris
Co-Investments: 4
KREAXI
Europe, Rhone-Alpes, France, Limonest
Co-Investments: 4
Kima Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 10
Bpifrance
Europe, Ile-de-France, France, Maisons-alfort
Co-Investments: 5
Acequia Capital (AceCap)
North America, Washington, United States, Seattle
Co-Investments: 4

Which angels does Axeleo Capital often collaborate with?

AM
Europe, England, United Kingdom, London
Shared Deals: 1
EL
North America, Florida, United States, Miami Beach
Shared Deals: 2
MS
Europe, England, United Kingdom, London
Shared Deals: 1
AB
Europe, Ile-de-France, France, Paris
Shared Deals: 1
CH
North America, New York, United States
Shared Deals: 1
NB
North America, Florida, United States, Miami
Shared Deals: 2
ND
North America, California, United States, San Francisco
Shared Deals: 2
OP
North America, New York, United States, New York
Shared Deals: 2
PG
Europe, Ile-de-France, France, Paris
Shared Deals: 1
DC
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Axeleo Capital?

Sitowie

Paris, Ile-de-France, France

Sitowie develops SaaS technology and tools to understand the degradation of buildings.

SaaSSoftware
SeedApr 30, 2025
Amount Raised: $3,057,006
Oxyle

Zürich, Zurich, Switzerland

OxyleI is a developer of a novel technology to degrade hazardous micropollutants from wastewater, such as pesticides, chemicals etc.

Environmental ConsultingWaste Management
SeedJan 30, 2025
Amount Raised: $16,000,000
Formance

Paris, Ile-de-France, France

Formance is an open-source and cloud-native infrastructure platform to build financial applications.

Financial ServicesOpen SourcePayments
Series AJan 29, 2025
Amount Raised: $21,000,000
OFFROAD

Alfortville, Ile-de-France, France

OFFROAD is a French company specializing in road maintenance and public space management.

Building MaintenanceConstructionHardwareInfrastructure
SeedJan 28, 2025
Amount Raised: $1,564,740
Solteo

Paris, Ile-de-France, France

Solteo operates as a platform for photovoltaic installers.

EnergyProject ManagementSoftware EngineeringSolar
SeedNov 21, 2024
Amount Raised: $1,570,365
Linkup

Paris, Ile-de-France, France

Linkup is an AI search engine and web integration platform that enables LLMs and AI agents to access web content and premium sources

Artificial Intelligence (AI)Developer APIsDeveloper PlatformDeveloper ToolsInformation TechnologyInternetSearch Engine
Pre SeedNov 18, 2024
Amount Raised: $3,178,363
Omaha Insights

Paris, Ile-de-France, France

Omaha Insights is a company that provides standardized financial data and analytical tools to help investors do research and analysis.

AccountingAnalyticsFinancial Services
SeedNov 12, 2024
Amount Raised: $3,715,822

Symbiotic Security is a Cybersecurity Solution

SeedNov 5, 2024
Amount Raised: $3,000,000
Sweetch Energy

Rennes, Bretagne, France

Sweetch Energy is created to leverage most recent academic discoveries in nanotechnologies and materials in the blue osmotic energy field.

EnergyRenewable Energy
Series UnknownNov 5, 2024
Kestra Technologies

Paris, Ile-de-France, France

Kestra Technologies is an open-source orchestration and scheduling platform for mission-critical applications.

Big DataData IntegrationOpen SourceScheduling
SeedSep 23, 2024
Amount Raised: $8,000,000