TXV Partners

Our mission is simple: to accelerate the journey from high potential to highly valuable. Vocap PhilosophyCultivate collaborative and accretive partnerships: we are entrepreneurs investing in entrepreneurs. Build trust and make sure all parties’ interests are aligned as the business grows. Add value: we are here to help with our time, operational experience, and investor, banker, and industry networks. Invest in great people and implement efficient processes, as talent & time are the most finite constraints on a company. Have fun along the way: building a business should be both challenging and rewarding. Investment Focus Vocap partners with today’s disruptive technology companies to provide capital, operating experience, and critical relationships at the “classic” Series A stage. We focus on: Stage: Proven product-market fit $1-5 million revenue (SaaS or highly recurring) Strong & efficient growth (>30% YoY) Excellent unit economics Reasonable cash burn Sectors: Enterprise Productivity Software Healthcare IT FinTech Supply Chain & Industrial Software Media & Entertainment Software Structure: $2-6 million initial check Lead or partner Reserve capital for follow-on Target 2-7 year exit time frame Geography: Headquartered in North America Core focus on Eastern and Southern metros

Over $1,000,000,000 in realized returns. Our investment success.50 years of experience 90+ investments 30+ exits achieved 6+ initial public offering What sets us apart. Our experience has proven time and again that the right combination of capital and active strategic support during the seed stage can create significant value and outsized returns for both Founders and investors. A track record that speaks volumes. Over the last 20+ years our two Founding Partners have generated over a billion dollars in realized returns. An approach that is selective and uncommon. Stage + Location + Theme. A winning approach to discover the next market-leading companies. On-the-ground presence in multiple tech hubs (Denver, Atlanta, and the Mid-Atlantic), coupled with a track record of early stage success, positions AVP to better partner with and grow high-potential start-ups. A portfolio of resources that give an edge. Deep theme expertise, operational experience, a proprietary data model, and a network of CEO partners. With strategic and operational expertise growing start-ups in the transformation of work space, an AVP partnership empowers Founders to focus on what matters most for success.

We’re technical founders ourselves, so we get the tech. But we trust your deep expertise in your field even more. We’ll show up when you need us - and stay out of your way when you don’t. Your time is best spent building, not managing your investors. In the heart of Silicon Valley, where VCs are everywhere, we stand apart - with technical roots and independent judgement. AI Meets Insight: We invest in teams that combine AI with deep domain expertise to solve real problems - making how we live and work smarter, healthier, and more human. Independent Thinking: We form our own convictions and act with discipline - supporting founders when others overlook them, and staying grounded when the crowd rushes in. Respectful Partnership: We back founders for their deep expertise and vision, offering help when it’s welcome - and giving you space when it’s not, so you can focus fully on building.

Lerer Hippeau is an early-stage venture capital fund in New York. Our portfolio contains more than 300 leading consumer and enterprise companies, including Guideline, MIRROR, Blockdaemon, K Health, Allbirds, ZenBusiness, and Thrive, among others. We’re experienced operators who invest early and stay in our founders’ corners forever. We seek entrepreneurs with product vision, consumer insight, focused execution, and unwavering ambition. When we are lucky enough to meet such people, our hope is that they will choose us as a long-term partner.

We invest in companies that leverage differentiated technologies and scalable business models to generate financial returns and drive innovation. We believe technology will meaningfully transform all sectors of the economy, from property development, to HR processes, to new cyber security challenges. We support the growth of leaders at the forefront of these transformations. THE AVP PLATFORM PROVIDES A UNIQUE AND DIFFERENTIATED VALUE PROPOSITION ARTICULATED AROUND 3 MAIN PILLARS: A multi-stage investment remit with independent, cross-fertilized strategies A global investment platform A unique network of LPs including AXA & Equitable, key partners for business development AVP is a $1bn venture capital firm Investing in seed and early stage companies through AVP Early Stage, and in growth stage companies through AVP Capital. We partner with exceptional founders who are building great companies. In our early stage investments, we look for product-market fit and initial traction. In our growth-stage investments, we seek companies with attractive unit economics, a robust customer base, and significant revenue growth. Our relationship with AXA means unique access for our portfolio companies to:Some of the world’s best risk managers, financial advisors, and data scientists AXA’s distribution networks and client base AXA’s strong global franchises and different lines of expertise – Property & Casualty, Life & Savings, Health, and Asset Management – provide a distinctive business portfolio. AVP’s expertise in our target sectors, global footprint, and relationship with our anchor investors AXA and Equitable and other LP allow us to meaningfully help our portfolio companies realize their potential. AVP’s value proposition is tailored for entrepreneurs, case by case, to create and deliver value. AVP portfolio companies will have preferred access to AXA’s resources, including the buying power and distribution capabilities of a €100B revenue company with 107 million customers. SEVERAL PILLARS TO SUPPORT COMPANIES: Global presence and ability to help companies scale internationally Introductions to AXA and our broader network as a potential customer, partner, distributor, or even strategic partner Strong expertise in several fields (enterprise software, marketplaces, fintech, consumer technologies and all insurance / asset management related verticals) Access to AXA and Equitable’s deep expertise in insurance and asset management, as well as the specialized expertise of our other LPs.

Expanding Capital is a growth-stage venture capital fund that invested in breakthrough companies like Coinbase, Clover Health, Astra Rockets, Classpass, Bolt, Cameo, Roofstock, mParticle, EasyPost and many other unicorns. We're sector-agnostic and seek investments across any sector. That's because we have the conviction that the best companies emerge at the intersection of multiple technologies being utilized to attack persistent challenges. We're strongest in B2B/Saas, consumer tech, and eCommerce enablers. One of our competitive advantages is our international scope and presence. Expanding Capital is backed by institutional capital and titans of industry from Brazil and South America. To help portfolio companies, we provide strategic assets, introductions and help our portfolio grow in the emerging LatAm region.