Earlybird and AVP | E2D

vc$550MCo-investsLeads rounds

◆ Fund Size

$550M

◆ Check Size

$25.0M→$25.0M

◆ Location

Germany

◆ Portfolio

60 companies

◆ Activity

Statusactively investing

◆ Links

Website ↗@axaventures on X ↗

◆ Investment Thesis

European dual-use and defence technology growth investing.

◆ About Earlybird and AVP

A €500 million European dual-use and DefenceTech growth fund launched by Earlybird and AVP as a Franco-German investment collaboration. The fund targets around 20 companies at an average ticket size of approximately €25 million across space, air, land, maritime, and subsurface domains.

◆ Sectors

Defense TechSpace Tech

◆ Stages

growth

◆ Geography Focus

EuropeFranceGermany

◆ Team

Name	Title	Role
Benoit Fosseprez	General Partner	general partner
Manish Agarwal	General Partner	general partner
Roland Manger	Partner	partner

◆ Tracked Investments

Abstract Security

◆ Notable Investments

E2D (European Dual-Use and Defence growth fund)E2D (European Dual-Use and Defence Growth Fund)Airbus Defence and SpaceAlta AresIsar AerospaceN26Peak GamesUiPathDeepgramDefense UnicornsOdooBlockstream

◆ Traits

Leads rounds

Co-invests

◆ FAQ

What does E2D invest in?

E2D invests in Defense Tech and Space Tech at the growth stage.

Which geographies does E2D focus on?

E2D focuses on Europe, France and Germany, and is headquartered in Germany.

What is E2D's typical check size?

E2D typically writes checks of $25M to $25M.

Which startups has E2D backed?

E2D has 1 tracked investment on Fusion42, including Abstract Security.