Today we are thrilled to announce the launch of AV8 Ventures II, a $180mil fund backed by Allianz SE. Our mission continues to be partnering with exceptional entrepreneurs as one of their earliest investors. We back start-ups in four areas: modernizing enterprises by making them more robust; improving outcomes and affordability in healthcare; expanding the reach and efficiency of financial and insurance services; and applying deep technology for positive global impact.
Why AV8?
Our name is rooted in the concept of ‘launching and elevating ideas to new heights’. This takes a tremendous amount of precision, team effort and expertise.
We are a team with deep domain experience equipped to appreciate the vision and foresee key needs for the success of our founders. We have sat on the ‘other side’ of the table raising capital, taking technologies and scientific discoveries to market, and scaling businesses.
Each one of the 20+ start-ups in our fund comes with an inspiring story: a machine learning expert who found a massive gap in women’s healthcare and launched Alpha leveraging her technical know-how and is now serving thousands of women while rapidly scaling revenues; two brothers who built some of the most sophisticated autonomous systems at the leading robotics institute in the US now leading an autonomous trucking start-up with hundreds of millions in contracts; a serial entrepreneur who got frustrated with the performance of mobile applications and has built the leading company in optimizing these apps for many F500 companies.
We are thrilled that these mission driven founders and their teams have chosen to partner with us as we continually strive to earn their trust and respect.
What is next?
With this new fund, we are growing our portfolio and team while continuing to back start-ups in our key investmentment areas across enterprise, healthcare, financial services and insurtech. There are tremendous opportunities to modernize these industries via data, machine learning, and new science and technology – we want to be the partner of choice for aspiring founders in these areas.
Our gratitude goes out to Allianz for supporting our mission, to our founders for choosing to partner with us, to our fellow investors for entrusting us, and to all who continue to contribute to our portfolio.
Thank you.
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