Updated: July 12, 2026
Funding raised
€500M
About the program
Program type
Investment stage
Investment focus areas
Description
Joint venture by AVP (formerly AXA Venture Partners) and Earlybird. Targeting €500M for European defence and dual-use technology growth-stage companies. ~€25M average tickets into ~20 companies across space, air, land, maritime and subsurface domains. Franco-German anchored. Led by Benoit Fosseprez (AVP GP) and Roland Manger (Earlybird co-founder). First close June 30, 2026.