AXA Strategic Ventures adds four new companies marking a total of more than $6 million invested in seven U.S. startups in 2015
December 21, 2015
NEW YORK – AXA Strategic Ventures (ASV), a global $250 million venture capital fund, today announces that it has added four new investments over the second half 2015 to its portfolio in the U.S.
“Our world is becoming more transparent, digitally enabled and customer centric,” said ASV U.S.’s General Partner, Manish Agarwal. “These developments are changing financial services and we are excited that our portfolio is helping shape this trend. Through these new companies, we want to capture innovation and invest in technologies that will tomorrow transform our industry.”
- Bee is building the bank of the future – a mobile-first, in-person bank for all Americans. Bee was launched in New York in June and has over 3,200 clients. They will be operating in San Francisco and Oakland this month.
- PriceMethod, launched this summer, is a predictive analytics company that provides technology to enable accommodations marketplaces and property owners to operate more efficiently through optimized, automated and now guaranteed pricing. As the infrastructure and insurance needs for this space continue to grow, PriceMethod’s data science will play an important role in stabilizing and improving the market model.
- GoldBean, launched in fall 2015, provides advice, education and low-cost trading for financial beginners. By analyzing members’ actual spending, they create customized portfolios featuring successful companies and brands that users love, know and buy.
- CoPromote, operating since 2010, has built the world’s largest programmatic influencer marketing platform with over 800,000 content creators reaching more than 1.6 billion people a month. CoPromote first solved marketing for social media creators by enabling them to easily expand their audience and is now opening up their platform, the first programmatic influencer channel at scale, to a select group of brands and professional content creators.
These four companies join ASV’s U.S. portfolio, which also includes investments in PolicyGenius, Limelight Health and VolunteerSpot.
ASV plans to continue a similar pace of investments in the coming year.
About AXA Strategic Ventures
AXA Strategic Ventures is a $250M venture capital fund dedicated to emerging strategic innovations in insurance and financial services. AXA Strategic Ventures invests in startups via seed funding and also provides venture capital for growth companies. The fund currently has four offices: San Francisco, New York, London, Paris and will open later 2016 in Hong Kong.
"AXA" is the brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY,NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, N.J.), AXA Advisors, LLC (member FINRA, SIPC), and AXA Distributors, LLC (member SIPC). AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their claims-paying ability.