We are a dynamic company with a strong history of growth
We successfully completed an IPO and was listed on the Madrid Stock Exchange, raising circa €12 million which has been partially used to create a share pool to create a true partnership. The rest of the proceeds were reserved to boost the company’s expansion via acquisitions. The IPO also resulted in a significant reorganisation of our strategy, internal teams and focus, with full engagement at all levels of the firm, a real change needed to grow to the next level.
Axon consolidated its major shift in its investment arm, to create a multi-investment strategy platform with direct VC, fund of VC funds and corporate VC teams. This year was instrumental to 2022 growth and Axon’s strong position in the mid to long term. 2021 was an instrumental year for our consulting arm as our assignments outside telecoms regulation started to out weight in our revenue mix. At the same time this shift strengthened ties with the investment teams as the more tech nature of our consulting teams approached more assignments in themes such as cybersecurity, IoT and cloud computing, playing a role in providing insights and support to our investment strategies, exploiting the uniqueness of Axon as compared to pure VCs or pure consultants.
A record year for growth, revenues and profit, despite the onset of the pandemic. We launch our 4th direct investment fund for Europe (our 6th in all) and consult on tech strategy, 5G and cybersecurity projects. We create a new corporate venture capital unit, with a first flagship project for worldwide cleantech and sustainability investments.
We achieve our second – and much oversubscribed – IPO, Holaluz. Our investment arm diversifies into small private equity strategies, and our Fund of Funds starts Aurora VC, giving life to one of the most exciting technology investment platforms in Europe.
We are the only Spanish firm selected to lead VentureEU, a programme launched by The European Commission and European Investment Fund to attract money into the tech industry. Our Strategy Consulting Division begins 30 new projects across 14 countries, including assignments for the European Commission’s European Digital Agenda.
With more than 80 employees worldwide we are proud to promote our first career Partners. We launch our first VC fund for Europe and work on impactful projects in the Middle East, Latam and the telco industry. We move into our new HQ in central Madrid.
We invest in blockchain technology and create our first consumer company – Hubble, an online mattress company. We are awarded ISO 9001 certification.
We close our first corporate finance deals in Spain and Italy – some of the largest in the tech world. Our funds have now exited eight companies, with 3x the average exit multiple. The practice expands into cloud and IT strategy and data analytics, leading to the creation of our first incubated start-up: Finizens, a robo-advisor.
We establish a Corporate Finance division and open offices in Mexico and Istanbul. We execute advisory projects in oil and gas and the food industry.
We start a VC fund for Colombia. With a growing company, we design our first careers programme to enable employees to work towards partnership and share in the firm’s global success.
Axon Capital and SVP Advisors merge and Axon Partners Group is born. 25 employees in Spain, the US and Colombia manage VC funds in Spain and India, and serve clients in over 30 countries.
In February 2006 Francisco Velázquez decided to end his career as a strategy consultant and found Axon Capital and SVP Advisors in Madrid. Initially, two separated entities sharing the same support functions and offices. Axon Capital was the tech transfer VC arm with an initial idea to extract value from university technologies in Spain. Axon got its licence to operate in Spain in September 2006, with the number 80 according to CNMVs registry. In July 2007 it raised its first tech transfer VC fund for Spain. SVP Advisors was an extension of Francisco’s experience as a consultant and started from day one to do work outside in Spain with its first clients coming from Italy, Greece and Turkey.