About AA Sons
AA Sons is a venture capital firm founded in 2016. It is primarily based out of London, United Kingdom. As of Apr 2023, AA Sons has invested in 80 companies. It primarily invests in Seed round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of HUG Overall, AA Sons portfolio has seen 6 unicorns, 1 IPO and 11 acquisitions including key companies like Aircall, Spendesk and Koa Health. A lot of funds co-invest with AA Sons, with names like Romain Afflelou sharing a substantial percentage of its portfolio. AA Sons has team of 5 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Acquisitions
AA Sons' List of Top Investments
AA Sons has a portfolio of 80 companies, including 6 unicorns. Their most notable investments are in AELER Technologies and Circle Sportswear.Their portfolio spans across France, United States, United Kingdom and 8 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 28 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by AA Sons:
1. Dott
Operator of shared electric scooters and bicycles for urban transit. The vehicles are available for short term rental to facilitate movement within metropolitan areas. The service provides access to motorized personal transport options through a digital interface. Maintenance and fleet management are handled internally to support vehicle availability.
Key facts about Dott
- Founded Year: 2018
- Location: Amsterdam (Netherlands)
- Stage: Series B
- Total Funding till date: $212M
- Employee Count: 655 as on Sep 30, 2026
- Investors: EQT, Felix Capital and 23 Others
- Latest Funding Round: Conventional Debt, Jan 31, 2022, $*****
- Highlight: Editors' Pick
2. Aircall
Provider of cloud-based platform for business communication and customer engagement. The platform delivers integrated voice, SMS, WhatsApp, and social media channels. It offers features such as intelligent voice agents, automated workflows, and real-time coaching. The platform helps teams work smarter and perform at scale.
Key facts about Aircall
- Founded Year: 2014
- Location: New York (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $226M
- Employee Count: 871 as on Sep 30, 2026
- Investors: Adams Street Partners, Kreos Capital and 34 Others
- Latest Funding Round: Series D, Feb 23, 2022, $*****
- Highlight: Editors' Pick
3. Spendesk
Provider of software for managing corporate spending and invoice processing. This platform enables organizations to control operational expenditures through automated approval workflows and digital payment tools. It facilitates the issuance of virtual and physical corporate cards for employee transactions. The system integrates with accounting software to automate expense reporting and reconciliation processes. Users can monitor departmental budgets and track procurement activities from intake to final payment. The technology supports invoice handling and reimbursement management to maintain visibility over business outlays.
Key facts about Spendesk
- Founded Year: 2016
- Location: Paris (France)
- Annual Revenue: €1M - €10M as on Dec 31, 2020
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $304M
- Employee Count: 344 as on Sep 30, 2026
- Investors: General Atlantic, FundersClub and 22 Others
- Latest Funding Round: Series C, Jan 18, 2022, $*****
- Highlight: Editors' Pick
4. waterdrop
Internet first brand of electrolytes hydration cubes. It offers a variety of flavors such as lime, acai, cranberry, hibiscus, ginger, and mango. The company sells their products through their own online website as well as through retailers.
Key facts about waterdrop
5. SPAN
Smart energy management technology platform that modernizes residential electrical systems. Its solutions replace traditional electrical panels with smart systems that provide homeowners with real-time visibility into household energy usage, circuit-level monitoring, and remote control of appliances and connected devices. It is designed to support modern electrified homes by integrating technologies such as home batteries, electric vehicle chargers, solar systems, HVAC systems, and heat pumps into a centralized energy management ecosystem.
Key facts about SPAN
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $419M
- Employee Count: 413 as on Sep 30, 2026
- Investors: Qualcomm Ventures, Amazon and 34 Others
- Latest Funding Round: Series C, Jan 15, 2026, $*****
- Highlight: Editors' Pick
AA Sons' Year-on-Year Investment Trends
AA Sons has invested in 80 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in HUG.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 3 | 0 | 3 |
2021 | 1 | 0 | 1 |
AA Sons' Investments by Stage
AA Sons has made 4 investments in Seed stage with an average round size of $4.38M and 1 investment in Series A stage with an average round size of $7.24M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 1 |
Note: We have considered here, only first round of investments
AA Sons' Investments by Sector
AA Sons has a diverse portfolio, with companies operating in the Consumer, Aerospace, Maritime and Defense Tech, FinTech, High Tech and Blockchain - Industry Applications. Notably, it has invested in 67 Tech companies, 41 Consumer (B2C) companies, 40 Enterprise (B2B) companies and at least 35 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Aerospace, Maritime and Defense Tech | 2 |
FinTech | 2 |
High Tech | 2 |
Blockchain - Industry Applications | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
AA Sons' Investments by Geography
AA Sons has made most investments in France (3), followed by Switzerland where it has made 1 investment.Country | No. of Investments |
|---|---|
France | 3 |
Switzerland | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
AA Sons' recent investments
AA Sons has not made any investment in 2026 so far.Here are the most recent investments by AA Sons:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 12, 2023 | United States | Seed | 6242 | [+4] | |
Mar 30, 2022 | France | Seed | 9847 | - | |
Mar 22, 2022 | France | Seed | 7540 | [+6] | |
Mar 09, 2022 | Switzerland | Seed | 1402 | [+3] | |
Mar 01, 2021 | France | Series A | 8111 | [+6] |
Unicorns in AA Sons' Portfolio
AA Sons has 6 unicorns in its portfolio - Genies, Spendesk, Lydia and others. The most recent unicorn in their portfolio is Genies. It became a unicorn in 2022, 4 years before AA Sons first invested in it.Here is a list of unicorns in AA Sons' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Developer of tools for creating customizable, intelligent, and dynamic characters | 2011 | Los Angeles | Series C | upxxysn | ||
78 | Provider of software for managing corporate spending and invoice processing | 2016 | Paris | Series C | ocldamn | ||
51 | App-based mobile payment platform for consumers | 2013 | Paris | Series C | zdgefhq | ||
65 | Provider of blockchain-powered fantasy sports marketplace for a variety of sports | 2018 | Saint Mande | Series B | yyhpuxb | ||
79 | Provider of cloud-based platform for business communication and customer engagement | 2014 | New York | Series D | fwzphb{ |
IPOs and Publicly Listed companies in AA Sons' Portfolio
1 of AA Sons' portfolio company became public - Amwell. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2020 at marketcap of $742MHere are AA Sons' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 17, 2020 | - | - | 4720 |
Acquired companies in AA Sons' Portfolio
11 companies from AA Sons' portfolio have been acquired. The most recent acquisition was Blue dot in Sep 2026 by Sovos Compliance for $*****.Here are AA Sons' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 15, 2026 | - | - | 7567 | |
Jun 23, 2026 | - | - | 4749 | |
Jul 28, 2025 | - | - | 4439 | |
May 05, 2025 | - | - | 2413 | |
May 15, 2024 | - | - | 9901 |
Team profile of AA Sons
AA Sons has a team of 5 members including 3 Partners located in United States, India and 1 more location. AA Sons' team does not sit on the board of any company as of now.Here is a list of all team members in AA Sons:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | - | |
Partner | Pune | - | - | |
Partner | Slough | - | - |
Co-investors of AA Sons
Over the past 5 years, 24 investors have co-invested in AA Sons's portfolio companies. This includes funds and angels.
- Invested before AA Sons: FIT has invested before AA Sons.
- Top Co-investors of AA Sons: 22 investors entered a company along with AA Sons. These include investors like Romain Afflelou (2 companies).
- Invested after AA Sons: Alter Equity (1 company) is the only investor which has invested in AA Sons's portfolio after their investments.
