AAF Management Closes $55M for Early Stage Hybrid Fund

AAF管理公司为早期混合基金关闭了5500万美元的融资。

WASHINGTON, D.C., October 16, 2025-- Venture capital firm AAF announced today that it has closed a $55M early-stage hybrid fund, The Axis Fund, to invest in emerging managers (Funds I and II) and their most promising underlying portfolio companies at Pre-Seed to Pre-IPO. The Axis Fund is AAF’s fourth vintage and catapults the firm’s assets-under-management (AUM) to $250M..

华盛顿特区，2025年10月16日——风险投资公司AAF今日宣布，已成功募集一支5500万美元的早期混合基金“The Axis Fund”，用于投资新兴管理者（基金I和II）及其最具潜力的底层投资组合公司，覆盖从Pre-Seed到Pre-IPO阶段。The Axis Fund是AAF的第四支基金，使公司的资产管理规模（AUM）跃升至2.5亿美元。

Since 2016, AAF has made 138 direct investments and backed 39 unique emerging managers across 43 fund vintages. To-date, 5 companies have become unicorns including Jasper, Current, Flutterwave, Drata and Hello Heart and 20 companies have exited including TruOptik, MoneyLion, Even Financial, Portfolium, Prodigy, BetterView, Lightyear, Trim, HeyDoctor and Medumo for a combined enterprise value of $2B..

自 2016 年以来，AAF 已进行了 138 笔直接投资，并在 43 个基金年份中支持了 39 位独特的新兴基金经理。迄今为止，已有 5 家公司成为独角兽，包括 Jasper、Current、Flutterwave、Drata 和 Hello Heart，同时 20 家公司已退出，包括 TruOptik、MoneyLion、Even Financial、Portfolium、Prodigy、BetterView、Lightyear、Trim、HeyDoctor 和 Medumo，合并企业价值达 20 亿美元。

In addition, AAF has backed companies such as KarmaCheck, Pelago, Sure, Shippabo and Nitra with initial entry checks at their respective Pre-Seed, Seed or Series A rounds.

此外，AAF还支持了KarmaCheck、Pelago、Sure、Shippabo和Nitra等公司，在它们各自的Pre-Seed、Seed或A轮融资中进行了初步的准入审查。

The Axis Fund is anchored by Mubadala Capital, family offices from the US, Europe, the Middle East and North Africa (MENA), GPs from prominent US-based asset managers, a multi-billion-dollar AUM venture capital firm based in the US and a publicly traded company.

轴心基金由穆巴达拉资本、来自美国、欧洲、中东和北非（MENA）的家族办公室、美国知名资产管理公司的普通合伙人（GP）、一家总部位于美国的管理资产达数十亿美元的风险投资公司以及一家上市公司共同锚定。

The fund’s strategy is predicated on leveraging the emerging manager Limited Partner (LP) checks to access gated private market data on early-stage companies. This unique data licensing approach provides privileged access to proprietary, non-public deal flow and insights not available through platforms like Crunchbase or CB Insights..

该基金的策略是利用新兴经理人有限合伙人（LP）支票，获取早期公司的私人市场数据。这种独特的数据授权方法提供了对专有、非公开交易流和洞察的特权访问，而这些在Crunchbase或CB Insights等平台上无法获得。

To-date, The Axis Fund has already made investments in 25 Pre-Seed and Seed funds and 5 direct investments into early-stage and early-growth companies. The underlying managers have a coverage of approximately 800 venture-backed companies that were formed during the 2021- 2025 cycle.

迄今为止，The Axis Fund 已经在 25 个 Pre-Seed 和 Seed 基金以及 5 项早期和成长期公司的直接投资中进行了投资。底层管理机构覆盖了大约 800 家在 2021-2025 周期内成立的风险投资支持的公司。

General Partner and Managing Director Kyle Hendrick commented, “Over the past decade, we have found that the richest dataset of private market companies at the earliest stages of their formation is accessed only through LP checks in emerging managers. With The Axis Fund, we are combining our fund-of-funds investing track record along with our Seed track record under one fund umbrella to generate the best risk-adjusted return for our LPs.”.

普通合伙人兼董事总经理凯尔·亨德里克评论道：“在过去的十年中，我们发现，在公司形成的最早阶段，私人市场公司的最丰富数据集只能通过新兴管理者中的LP核查获得。通过轴心基金（The Axis Fund），我们将我们的基金投资业绩记录与种子投资业绩记录结合在一个基金框架下，为我们的有限合伙人（LPs）带来最佳的风险调整回报。”

General Partner and Managing Director Omar Darwazah commented, “Our two-pronged investing strategy allows our LPs to access a beta product, through the indexing of emerging managers, and an alpha product, through the picking of companies to back at the early stage. This strategy allows us to identify signal from noise and increase our probability of backing outliers – fund returners, 10x cash-on-cash returning companies and Seed to Unicorn investments.”.

普通合伙人兼董事总经理奥马尔·达尔瓦扎评论道：“我们的双管齐下的投资策略使我们的有限合伙人能够通过新兴经理人的指数化获取贝塔产品，并通过在早期挑选支持的公司获取阿尔法产品。这一策略使我们能够从噪音中识别信号，增加我们支持异常值的概率——即基金回报者、10倍现金回报的公司以及从种子到独角兽的投资。”

Suzanne Fletcher, Founder and General Partner of Zelda Ventures commented, “the AAF team has been an exceptional partner to Zelda Ventures, both as an investor in the firm’s Fund 1 and as a collaborative co-investor. They not only supported us early but have also continued to engage meaningfully, from investing alongside us in Okahu to flagging opportunities like Originalis.

苏珊娜·弗莱彻，Zelda Ventures的创始人兼普通合伙人评论道：“AAF团队一直是Zelda Ventures卓越的合作伙伴，既是公司基金1的投资者，也是协作的共同投资者。他们不仅在早期支持了我们，还持续有意义地参与，从在Okahu与我们共同投资到推荐Originalis这样的机会。”

AAF’s approach of backing managers and then investing alongside them truly delivers on their mission to build enduring partnerships.”.

AAF支持经理人并与其共同投资的方法真正实现了建立持久合作关系的使命。

Zaid Rahman, Founder and CEO of Flex, commented, “AAF has been an exceptional partner to us. They began building a relationship with me and the company nearly two years before investing. Flex was originally sourced through their LP check in 305 Ventures, and since then, AAF has participated in our Series A and every subsequent financing round.

Flex创始人兼首席执行官扎伊德·拉赫曼评论道：“AAF一直是我们卓越的合作伙伴。他们在投资前近两年就开始与我和公司建立关系。Flex最初是通过他们的LP在305 Ventures的对接发现的，自那时起，AAF参与了我们的A轮融资及之后每一轮融资。”

We’re excited to continue working with them as both capital formation and business development partners, leveraging their global LP network and deep connectivity across the MENA region.”.

“我们很高兴能继续与他们合作，作为资本形成和业务发展的合作伙伴，利用他们在全球有限合伙人网络以及中东和北非地区的深厚联系。”

AAF previously raised a $25 million Fund I in 2017 and a $39 million Fund II in 2021. In addition, the firm ran a proprietary $32 million fund-of-funds investment vehicle in 2017 for a select number of its LPs. AAF is exposed to over 5% of the world’s private market unicorns through both its direct investing and fund-of-funds platform..

AAF此前在2017年筹集了2500万美元的第一只基金，并在2021年筹集了3900万美元的第二只基金。此外，该公司在2017年为其部分有限合伙人运营了一只3200万美元的专有母基金投资工具。通过其直接投资和母基金平台，AAF持有全球私有市场超过5%的独角兽企业股份。

AAF’s previous fund vintages rank in the top decile in terms of Net TVPI for their respective vintages as compared against Cambridge Associates and Carta’s Venture Capital benchmarking data.

美国农业部的前几支基金在其各自年份的净TVPI方面，与剑桥联合公司和Carta的风险投资基准数据相比，排名位于前十。

About AAF Management Ltd.

关于AAF管理有限公司

AAF Management Ltd. (AAF) is a leading early-stage venture capital firm focused on Pre-Seed, Seed, and Series A stage technology companies in North America as well as global emerging managers. Since late 2016, the firm invested in 138 venture-backed portfolio companies across fintech, healthcare, consumer, enterprise software and deep tech as well as 39 emerging managers globally across 43 fund vintages.

AAF管理有限公司（AAF）是一家领先的早期风险投资公司，专注于北美地区的Pre-Seed、Seed和A轮阶段的技术公司，同时也关注全球新兴管理者。自2016年底以来，该公司已投资了138家获得风险投资支持的组合公司，涵盖金融科技、医疗保健、消费、企业软件和深度技术领域，并在全球范围内投资了39位新兴管理者，覆盖43个基金年份。

The firm currently has $250 million in assets under management..

该公司目前管理着2.5亿美元的资产。

Contact:

联系人：

For further information please contact the AAF via Omar Darwazah on omar@aaf.vc or +1.917.434.7734

如需更多信息，请通过奥马尔·达瓦扎联系AAF，邮箱：omar@aaf.vc，电话：+1.917.434.7734。