French insurer AXA has renamed AXA Strategic Ventures, its $450m venture capital unit, to AXA Venture Partners.

The venture capital business invests in enterprise software and disruptive technology such as cybersecurity, artificial intelligence, digital health, software as a service, and fintech.

It also offers other companies access to AXA’s network, resources, and brand. The business has made 32 deals since its inception in 2016.

The business has offices in San Francisco, New York, London, Paris and Hong Kong and employs 15 investment professionals including six partners.

AXA Venture Partners managing partner Francois Robinet said: “We have seen growth far exceeding our initial expectations when we launched only two years ago. We have opened new offices, launched a second strategy in fund of funds, expanded the team and partnered with 32 exciting and innovative businesses.

“Although we are still a young and dynamic firm we feel the new identity better reflects who we are as a company today and our future ambitions. The new brand draws on our partnership ethos, our investment scope, and our ambitions for AXA Venture Partners.”