AXA Strategic Ventures, the corporate venturing vehicle for insurance firm AXA, has invested $1m in Evercontact, the France-based developer of an email-focused contact management system.
Evercontact has built an automated cloud tool that locates contact information in email signatures and accordingly updates the user’s contact details. It is already utilised by around 100,000 users.
The startup will also be the first to take part in AXA Factory, an accelerator mentoring initiative the corporate is running for France-based companies. It will use the funding to expand internationally, and particularly in the US, which is responsible for 80% of its revenue.