Axon Partners Group
Also known as Axon Partners Group Investment, SGEIC, S.A., Axon Partners Group SA, Axon
Madrid technology investment and consulting firm founded in 2006, listed on BME Growth; €838m AUM (2025) across growth equity, climate tech and a fund of VC funds (Aurora).
- HEADQUARTERS
- Madrid, Spain
- FOUNDED
- 2006
- AUM
- €838M (2025)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 9 people
Focus
- STAGES
- SeedSeries ASeries BGrowth
- SECTORS
- Software & SaaSClimate & EnergyFintechIndustrial & ManufacturingConsumer & E-commerceDeep Tech
- ASSET MIX
- Venture capitalFunds (as LP)
- GEOGRAPHY
- SpainItalyLatin AmericaEurope
Overview
Axon Partners Group was founded in 2006 and works in two areas, investment and consulting, with about 100 professionals across Europe, the Americas and MENA; it is listed on BME Growth (ticker APG, IPO in 2022). Its investment arm runs three strategies: growth equity in founder-led, mid- to lower-market technology companies (mainly Spain, Italy and Latin America), climate tech from early stage to growth, and a fund of VC funds (Aurora) investing in VC managers in Europe, Israel and the United States. It reported €838m of assets under management at the end of 2025, up 27%, and launched Axon Innovation Growth II with a €300m hard cap.
Investment thesis
Growth: minority or significant equity stakes, including convertibles and pre-IPO/IPO anchoring, in founder-led growth companies with high margins and category-leadership potential; Climate tech: energy transition, industrial decarbonisation, critical resources and resilient infrastructure; Fund of VC funds: primaries, secondaries and co-investments with ICT and life-sciences VC managers.
PORTFOLIO (13)
- Alia MentisNOTABLEIndustrial & Manufacturing · since 2026
- ErcoClimate & Energy
- DeudafixFintech · since 2023 · Exited (sold to Alantra Private Equity, 2026)
- BasquevoltClimate & Energy
- HolaluzClimate & Energy
- InnovamatEducation
- MetricoolSoftware & SaaS
- LibeliumDeep Tech
- LightOnArtificial Intelligence
- Dogfy DietConsumer & E-commerce
- ArtecheIndustrial & Manufacturing
- Glamping HubConsumer & E-commerce
- Just EatConsumer & E-commerce
People
- Francisco VelázquezChairman and Managing Partner · source
- Dimitri KallinisManaging Partner and Board Member · source
- Alfonso de LeónManaging Partner and Board Member · source
- Javier Martínez de IrujoCFO · source
- Nicolás RíosPartner, head of sustainability and climate tech strategy for Latin America · source
- Álvaro NeiraPartner · source
- Carlos GómezPartner · source
- Dikmen EdguPartner · source
- Iván FeitoPartner · source
Links
Frequently asked questions
Axon Partners Group is a VC fund based in Madrid, Spain, founded in 2006.
Yes. Axon Partners Group invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Axon Partners Group invests at Seed, Series A, Series B and Growth stages in Software & SaaS, Climate & Energy, Fintech, Industrial & Manufacturing, Consumer & E-commerce and Deep Tech.
Key people at Axon Partners Group include Francisco Velázquez (Chairman and Managing Partner), Dimitri Kallinis (Managing Partner and Board Member), Alfonso de León (Managing Partner and Board Member) and Javier Martínez de Irujo (CFO).
Axon Partners Group's investments include Alia Mentis, Erco, Deudafix, Basquevolt, Holaluz, Innovamat, Metricool and Libelium, among others.
The most recent publicly reported investment by Axon Partners Group is Erco (Series C (US$129m; co-led via Next Utility Ventures)), announced in Aug 2026.
Yes. Axon Partners Group manages capital from outside investors.