Axeleo Capital
- Création2017
- Effectifs15
- Sous-jacentVenture Capital
- DistributionDirecte
- En cours> 250 M€
- SiteAxc.vc
Axeleo Capital presentation
Axeleo Capital is a pan-European GP specialized in B2B Software, Greentech Industry, and Proptech/Energy verticals.
The management company, which operates from pre-seed to series B, has 70 transactions, 48 active participations in its portfolio and has completed 18 exits in the last 36 months.
Beyond the financial dimension, Axeleo is positioned as an active partner in its participations by capitalizing on a network of + 150 experts, entrepreneurs and partners across Europe and the USA.
Axeleo Capital's main challenges
After launching its first vehicles between 2017 and 2023 (Axeleo Capital 1, Axeleo Protech 1, AXC2) with institutional players and a community composed of entrepreneurs and C-levels, Axeleo Capital is launching a new fund in 2024: Green Tech Industry I (GTI I).
GTI I is an article 9 fund, with a target objective of €250 million, which constitutes an important area of diversification towards industrial greentech (support for the deployment of the first factories in particular) in Europe.
In this context, given the growth of AUM and the number of subscribers, Axeleo Capital faces the need to digitize its chain of operations in order to gain operational efficiency and security throughout the fundraising process.
Needs identified
- Increase productivity
- Ensuring regulatory compliance
- Centralize/secure data
- Automate key processes
- Manage portfolio assets
Streamline and scale operations management
To support its development (more funds, more LPs, more subscriptions,...), Axeleo Capital faces the need to scale its operations.
The fundraising phase (KYC-AML due diligence, follow-up of commitments, subscriptions, etc.) requires the collection, analysis and storage of numerous data and documents in a secure space.
In addition to fundraising, managing a fund includes time-consuming and repetitive tasks that require a high level of precision.
For example, the generation and distribution of fund call statements, or the calculation of positions and generation of capital account statements.
These are all subjects on which the risk of human error is significant and the stakes are high, especially when it comes to initiating financial movements whose amounts may concern several million euros.
By industrializing its operations through a digital fund admin solution, Axeleo Capital secures its critical operations: the tool freezes the procedures and calculation rules and carries out the actions en masse, eliminating the risk of human error linked to the repetition of a task.
The use of a common digital platform between GP and LP also makes it possible to secure data flows and improve the experience of its investors: when a document is generated by the back office for an investor, the LP is notified by email and can access it instantly from its secure online portal.
This operation makes it possible to avoid sending sensitive information by email, and to offer LPs a single information repository on which they can access all the information relating to their participations.
Mastering and centralizing data
A management company is required to collect a large amount of data: information relating to its LPs, contractual/transactional information, position monitoring, information concerning participations.
These are all elements that can lead to errors or operational burdens if the data is not accessible, complete, and up-to-date.
By combining information and documentation in a single system, Axeleo Capital ensures the quality of the data on which its activity is based. It ensures information security through advanced role management and thus avoids the shortcomings of Excel models which, although sophisticated, do not offer the same control and the same functionalities as a dedicated business tool.
Axeleo thus uses the data collected and stored in Vasco to industrialize a whole range of key operations as part of its activity: monitoring commitments and calls for funds, asset management, monitoring KYC & LCB-FT risks, automated generation of subscription packs,...
Strengthen regulatory compliance
Compliance with regulations is a central element for all management companies.
KYC (Know Your Customer) and LCB-FT (Fight Against Money Laundering and Terrorist Financing) analyses are prerequisites for any entry into a relationship with an investor or any subscription process.
The analysis grids can be complex, and continuous monitoring (the fact of carrying out checks throughout the business relationship) requires a great level of rigor to be sure not to forget any event in the life of the investor.
By using Vasco's KYC/LCB-FT module, Axeleo Capital can onboard its various types of LPs, collect all of their information and documents digitally and securely through a dedicated portal.
In addition to collecting coins, Axeleo saves considerable time by automating the survey of external databases to ensure that its investors are not present in sanctions lists, or lists of politically exposed persons.
Once the first due diligence has been carried out, Axeleo can define continuous control rules to define how often these procedures should be renewed, or what events will trigger an alert, or a need to update the KYC (appearance on a list, expiration of a room, etc.). Each LP can also independently transmit up-to-date information about its situation via Vasco, without the need for manual action.
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