Growth Strategy
Growth capital for visionary founders who think big
We partner with founders building the next generation of category leaders. Our focus is on mid- to lower-market companies in growth stages with high scalability, strong margins, and a clear drive for category leadership in B2C or B2B. We typically invest alongside founder-managers who lead both strategy and execution, and are comfortable taking minority positions when our ambitions align.
We do equity investments in private companies, with flexibility to structure convertible instruments or include warrants when appropriate. We also have proven experience anchoring pre-IPO and IPO operations for companies whose roadmap is oriented towards public markets.
What we look for
- Growth-stage businesses with the scale and ambition to define their category.
- High gross margins and strong potential for exponential growth
- Sustained organic growth with a clear forward trajectory
- B2C or B2B leaders with defensible market positions.
- Founder-led teams demonstrating conviction and disciplined execution
- Primary focus on Spain, Italy, and Latin America for private investments, with a broader European reach when anchoring pre-IPO or IPO operations.
Note: We have dedicated allocations to support smaller-impact investments in the Andalusia region through our regional fund, Axon Desarrollo Andalucía (ADA). (click here for more information).
How we invest
We invest through primary and secondary transactions in private companies, building long-term relationships with founders and management teams. We provide active corporate governance and work side-by-side with our portfolio to accelerate growth, consolidate category leadership, and prepare successful exits or IPOs. When the opportunity arises, we also anchor pre-IPO and IPO operations, applying a private equity mindset to public market investment
Our Objective
We aim to help our companies become category leaders by accelerating growth, expanding margins, and building businesses that achieve premium outcomes at exit.
Why Axon?
- Active partnership throughout the growth journey, from inception to exit
- Strong strategic presence in key markets: Spain, Italy, and Latin America, with a broader European reach for pre-IPO and IPO operations.
- Meaningful ownership positions that align our success with the founders’ ambition.
- Proven, systematised access to deal flow, developed over 20 years of growth investing.
- A strong network of over 100 top-tier investment firms worldwide as co-investors and partners.
- Extensive experience across private and public markets, with proven capability to anchor pre-IPO and IPO operations when relevant.
- Patient capital and concentrated, high-conviction portfolios, we back fewer companies, deeper
We partner with category leaders reshaping their industries, from private growth stages through to public markets. We bring more than capital: partnership, expertise, and a strong presence in high-growth, less competitive markets to help build businesses that win at scale.
News and insights
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Alia Mentis welcomes Axon Partners Group as shareholder following €8M investment
Read more: Alia Mentis welcomes Axon Partners Group as shareholder following €8M investment -
Skeleton Technologies Announces First Close of Pre-IPO Funding Round with Initial €33 Million Investment
Read more: Skeleton Technologies Announces First Close of Pre-IPO Funding Round with Initial €33 Million Investment -
Axon Partners Group reports a 2025 profit before tax of €8.4m, a 19% increase over 2024
Read more: Axon Partners Group reports a 2025 profit before tax of €8.4m, a 19% increase over 2024
The Axon Innovation Growth Fund II is supported by the Spanish Society for Technological Transformation (SETT), a public entity, within the framework of the Recovery, Transformation and Resilience Plan funded by the European Union, NextGenerationEU.
