AVP

Yesterday we hosted our second Morning Briefing of 2026 with Théau Peronnin, CEO of Alice & Bob. It was a strong reminder of how fast the quantum race is accelerating, and why Europe has a real role to play. A few takeaways: • In just 6 years, Alice & Bob has grown to ~200 people, raised €130m, and built a leading quantum R&D hub in Paris • Their “cat qubit” technology is a major breakthrough, reducing the size and cost of quantum computers by ~200x by eliminating a key source of error at the hardware level • Already in the global top five, they’re targeting concrete applications, from molecular simulation to finance and cryptography, with impact expected around 2030. Thanks to everyone who joined and contributed to the conversation!

VivaTech’s Top 100 Rising European Startups highlights the most exciting tech companies emerging across Europe, spanning AI, healthcare, fintech, defense, and more. 🚀 Fantastic to see our portfolio companies Finom and Flatpay featured on this year’s list, a testament to the strength of their teams and the scale of their ambition. Explore the full list below 👇 https://lnkd.in/egA8cjRh

Delighted to announce that AVP has led Qdrant’s $50M Series B! As AI systems move into real-world deployment, retrieval is becoming critical infrastructure. Qdrant, built in Rust from the ground up, gives engineers composable control over indexing, scoring, filtering, and ranking, enabling real optimization across relevance, latency, and cost at scale. With 250M+ downloads and customers including Tripadvisor, HubSpot, OpenTable, Bazaarvoice, and Bosch, Qdrant is building the retrieval layer modern AI systems depend on. We're so excited to partner with co-founders Andre Zayarni and Andrey Vasnetsov, and the entire Qdrant team on this next chapter, alongside Bosch Ventures, Unusual Ventures, Spark Capital, and 42CAP. Read more 👉 https://lnkd.in/efs_vTiA Warda Shaheen Pedro Rychter Camille Demichel Guillaume Weil

A few weeks ago, AVP led Selector’s $32M funding round. We invested because networks are mission-critical, yet the tools to monitor and operate them haven’t kept pace with hybrid cloud and AI-driven complexity. Selector is redefining what modern network observability looks like. Its AI-powered platform unifies telemetry, automates correlation, and delivers real-time root cause analysis across the full network stack. Read more on why we've partnered with the team below 👇 https://lnkd.in/eU4keZvS

A moment to recognise some well-earned promotions across AVP, reflecting the continued contributions of our teams in Paris and New York. Raghav A. to Vice President, Business Development Thibault Ané to Financial Controller Arthur Brasseur to Principal Marin CHAUVIN to Finance Director Alexander J. Pires to Director Charlotte Rouveyre to Senior Financial Controller Ethan Volk to Principal 🎉 Congratulations to each of you!

Earlier this week, AVP’s Sajan Patel hosted a dinner in San Francisco alongside Lydia X Liu from Generation Investment Management. They brought together a select group of investors for an evening of great food, lively conversation, and new connections. Thanks to everyone who joined! Anna Faulkner Christina Fa John Shin Palak Goel Victor Vandekerckhove Tommaso Auerbach Elizabeth Yao

François Robinet joined Seb Johnson 📊🇪🇺 on Scaling Europe to discuss AVP’s journey and what it means to be a transatlantic investor. The conversation explored what it means to invest on both sides of the Atlantic, and how that dual perspective helps founders scale across markets with the right timing, capital and talent. They also discussed a critical challenge for Europe: backing the next generation of deep tech. AI, quantum, robotics and semiconductors require significantly larger early rounds. To remain competitive and ensure long-term value creation, Europe needs funds with the scale and risk appetite to lead them. Tune into the full episode 👇 https://lnkd.in/eZXuuUDV

Earlier this week, François Robinet joined B SMART 4Change to discuss technological sovereignty, and the structural funding gap facing deeptech. Europe does not lack talent in quantum, AI, robotics or semiconductors, it lacks capital at scale. In capital-intensive technologies, early rounds are no longer €10-20m. They can require hundreds of millions to build infrastructure, accelerate hiring and scale development. Public capital plays an important role, but technological sovereignty will require European funds to deploy €200-300m early to support the next generation of industrial leaders. Watch the full interview below 👇 https://lnkd.in/eriz4Vps

Europe has proven it can create world-class companies. But to keep and scale them, we must address the structural funding gap at the growth stage. From AI and deep tech to life sciences and robotics, the opportunity is vast, unlocking it will require coordinated action across investors, founders and policymakers. In our latest op-ed for Pathfounders, co-authored with Quantonation and Speedinvest, we outline what needs to change. https://lnkd.in/ewggeTqm François Robinet Olivier Tonneau Andreas Schwarzenbrunner

Europe is at an inflection point. World-class innovation is here, what’s needed now is growth capital at scale. As a transatlantic investor, AVP backs ambitious companies on both sides of the Atlantic. Today, Europe’s opportunity is clear: exceptional talent, deep technical expertise, and companies ready to compete globally. Realizing this potential requires reinforcing the foundations that allow businesses to grow at home and lead internationally. Aligned, growth-focused capital will shape the next generation of European champions.