Apollo Funds and 25madison Launch 25M Evolve, a Software Venture Studio

By Business Wire On Jan 17, 2024

25madison, a leading venture platform, announced the launch of 25m Evolve, in partnership with funds managed by Apollo, a leading 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 an ever-changing digital landscape, equipping them with the tools to drive operational improvements and better compete and disrupt within and across industries.

“We believe AI will serve as the cornerstone of future software development, and through 25m Evolve we are excited to incubate category-defining startups at the forefront of this shift,” said Vikram Mahidhar, Apollo’s Data and Digital Transformation Operating Partner. “This venture is a testament to Apollo and 25madison’s longstanding relationship and commitment to long-term value creation.”

25m Evolve incubations and investments are differentiated by their focus on building bespoke tech solutions to solve the pain-points of enterprise customers in partnership with Apollo Funds and their portfolio companies. Through this 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.

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Steven Price, CEO of 25madison, said, “Over the past three years, together with Apollo Funds, we’ve built a formula for co-incubation that sets the stage for this new studio. 25madison’s innovative DNA combined with Apollo’s focus on building stronger businesses can help transform companies and equip them for the future.”

Grant Silow, Managing Director at 25madison, added, “We believe the 25madison and Apollo partnership is a significant differentiator for founders and startups building the next generation of AI-enabled B2B software. 25m Evolve incubations solve problems identified by enterprise customers, and receive Day 1 access to the studio’s dedicated suite of incubation resources spanning data science, software development, UX design, and B2B go-to-market strategy.”

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