AVP

What they fund

AVP funds capital-efficient tech companies with high growth potential, typically in the seed to growth stages. They invest in sectors like AI, cybersecurity, defence, digital health, enterprise software, fintech, insurtech, and quantum. AVP looks for companies with proven unit economics and credible paths to profitability, especially for early growth and growth stages. They support businesses with revenues under €8M that demonstrate global market addressability. AVP's transatlantic approach allows them to back companies looking to expand across Europe and North America, providing strategic connections and resources for international growth.

Investment thesis

AVP is an independent global investment platform dedicated to high-growth tech companies, from deep-tech to tech-enabled, across Europe and North America. The firm prioritizes capital efficiency, seeking businesses that can scale effectively without excessive burn rates. For early growth and growth stages, AVP requires credible paths to profitability and well-proven monetization models, investing in companies that have already demonstrated sustainable unit economics. The firm looks for global market addressability, even for early-stage ventures with revenues under €8M, ensuring leadership teams can expand internationally. AVP leverages a transatlantic approach with local teams in New York, London, and Paris to provide strategic connections and resources for international expansion.

• Capital Efficiency & High Growth — The core mission is to identify and support capital-efficient tech companies that possess high growth potential, prioritizing businesses that can scale effectively without excessive burn rates [1].
• Proven Unit Economics — For Early Growth and Growth stages, AVP requires credible paths to profitability and well-proven monetization models, investing in companies that have already demonstrated sustainable unit economics [1].
• Global Market Addressability — Even for early-stage Venture investments (revenue <€8M), the firm looks for leadership teams capable of scaling globally, leveraging its transatlantic network to unlock growth opportunities across Europe and North America [2].
• Transatlantic Expansion Support — AVP provides a dedicated expansion team to help portfolio companies grow, offering expertise, connections, and resources to support international expansion, particularly into the EU market [2].

Value add

AVP provides a dedicated expansion team to help portfolio companies grow, offering expertise, connections, and resources to support international expansion, particularly into the EU market. They leverage their transatlantic network to provide strategic connections across key industries. AVP's local teams in New York, London, and Paris bring decades of experience in investing, building, and scaling businesses. They offer hands-on support at critical times, assisting with recruitment, establishing channel partnerships, and supporting go-to-market expansions. AVP's strong corporate network provides unique access to industry leaders across continents, which is particularly valuable for companies embedded in enterprise transformation.

Fit verdict: AVP is an ideal partner for capital-efficient, high-growth tech companies seeking to scale internationally, particularly those looking to expand into the EU market. Their transatlantic approach and dedicated expansion team provide significant value beyond capital.

Founder diligence script:

• How does AVP's transatlantic network specifically support our international expansion plans?
• What resources does AVP's expansion team provide to help us establish channel partnerships in the EU market?
• How does AVP's hands-on approach assist with recruitment and go-to-market expansions?
• Can you provide examples of how AVP's corporate network has helped portfolio companies access industry leaders?

Portfolio focus

AVP's portfolio includes companies like Odoo (enterprise software), Deepgram (Voice AI), Abstract (observability), Isometric (agentic certification), LinqAlpha (fintech), and Mercanis (enterprise transformation). These companies span enterprise software, AI, fintech, and cybersecurity, reflecting AVP's focus on scalable, capital-efficient tech businesses. The portfolio also includes companies like Strider (security, insurance, supply chain intelligence) and SSC (financial services), highlighting a strong presence in B2B and enterprise solutions. AVP's investments often target companies with strong unit economics and global expansion potential.

Notable investments & exits

AVP's notable exits are not explicitly disclosed in the provided documents. However, their portfolio includes companies like Odoo, which has achieved significant scale and is often cited as a success story in the enterprise software space. AVP's focus on capital-efficient, high-growth companies suggests they have a track record of supporting companies to successful exits or sustained growth.

Strategic implications

AVP's transatlantic approach and dedicated expansion team provide a unique value proposition for portfolio companies seeking to scale internationally, particularly into the EU market. Their focus on capital efficiency and proven unit economics suggests a disciplined investment strategy that prioritizes sustainable growth. The launch of the E2D fund indicates a strategic shift towards the defence and dual-use sectors, leveraging their expertise in scaling enterprise data-driven companies. AVP's strong corporate network and hands-on support make them an attractive partner for B2B and enterprise software companies. The main risk is over-reliance on a few key sectors, which could limit diversification. A signal that would change the read is a significant shift in investment thesis or a decline in portfolio company performance.

Where they could go further

AVP could expand its focus to include more consumer technology companies, given their expertise in scaling enterprise data-driven companies. They could also invest more in early-stage ventures with high growth potential but less proven unit economics, leveraging their expansion team to support international growth. AVP could strengthen its presence in the Asian market, given its transatlantic approach and global network. They could also develop more structured programs to support portfolio companies in areas like recruitment and go-to-market expansions, further enhancing their value proposition.