Axon Innovation Growth IV, the Venture Capital fund launched by Axon Partners Group to detect scale-ups with great potential, consolidates its portfolio via its fourth investment by taking a stake in the share capital of Embention, a leading technology group with expertise in autopilot software and drone component manufacturing.
Founded in 2007 in Alicante, Embention has carved out a niche in the unmanned and autonomous aerial vehicle sector, with organic growth as its sole lever. At the end of 2021, the company, which shares are listed on Euronext Access Paris, had a turnover of 3.3 million euros and a portfolio of more than 500 customers from 70 countries, including Toyota and Airbus. Axon’s entry into Embention’s capital through this capital increase aims to boost the company’s strategic growth project.
Axon was counselled on this deal by RocaJunyent’s Madrid office team led by Corporate and M&A partner Carlos Blanco Morillo and comprising senior associate Javier Arenas Olivencia and junior associate Íñigo Oliván García.