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25madison and Apollo Funds Launch 25m Evolve

25m evolve

25madison, a NYC-based venture platform, has launched 25m Evolve, in partnership with funds managed by Apollo (NYSE: APO), a global alternative investment manager.

25m Evolve is an enterprise software venture studio dedicated to incubating AI-native applications.

25m Evolve incubations will leverage the latest advancements in artificial intelligence to help companies, including Apollo Funds’ portfolio companies, adapt to the changing digital landscape, equipping them with the tools to drive operational improvements and compete and disrupt within and across industries.

Through the partnership, 25m Evolve incubations and investments benefit from the studio’s operational expertise and capital support to rapidly deploy and scale validated AI-enabled vertical software solutions with enterprise partners.

Led by Steven Price, CEO, 25madison incubates and invests in early-stage startups. The platform consists of 25m Flagship, 25m Health, 25m Supply Chain, and 25m Evolve. The firm also offers brand, marketing and UX design services through Creature, an agency that helps propel companies at pivotal moments.

Apollo is a high-growth, global alternative asset manager with approximately $631 billion of assets under management as of September 30, 2023.

VCWire

17/01/2024