APX Scout Program
Customized venture development for ambitious founders.
Overview
APX is a Berlin-based early-stage investor backed by Axel Springer SE and Porsche AG, two of Europe's most prominent corporate entities. The firm operates a 100-day venture development program with monthly cohorts of 3-6 companies, investing EUR 50,000 initially (for approximately 5% equity) with follow-on potential up to EUR 500,000 per startup.
The program offers customized venture development tailored to each startup, with mentorship from experienced operators, access to both Axel Springer and Porsche's corporate networks, and a co-investor network of 100+ partners. APX has invested in 100+ companies across 20+ industries. In 2021, Porsche and Axel Springer increased their commitment to EUR 55 million.
Investment focus
APX focuses on supporting pre-seed stage startups with tech-enabled business models. The program aims to empower ambitious European and international founders by providing tailored venture development and access to extensive corporate networks.
Program details
Designed for Founders, Students. The program is remote. Participation is generally part time.
Who it is for
The verified live path is for founding teams building companies in Europe and the US, not for people applying to become scouts.
Check if you are eligible
Check your eligibility for APX Scout ProgramAdmissions and application
No public scout application process was found. The verified successor founder process begins with HEARTFELT_'s pitch form.
Benefits
Participants benefit from a 100-day venture development program, access to the Axel Springer and Porsche networks, and a 100+ mentor and co-investor network.
Timeline
The program has transitioned to HEARTFELT_ for new investments, with APX continuing to manage existing portfolio companies.
What came of it
APX has made over 100 investments across 20+ industries, showcasing a strong track record of supporting diverse startups.
How to go about it
- Read what it asks for
Who can apply, how people get in and whether it is open right now.
- Have something to show
Programs pick people whose work they can already point to. Put yours where it can be found.
- Apply the way the program asks
The program has not published how to apply. Terms and dates change. Check the official page before you act.
What it pays
Participants receive an initial investment of EUR 50K for approximately 5% equity, with the potential for follow-on investment up to EUR 500K.
Questions about this program
What was APX’s Scout Program intended to do?
TechCrunch reported in January 2021 that APX used university scouting to identify potential founders at European universities.
Is APX’s Scout Program confirmed closed or transferred to HEARTFELT_?
The evidence does not establish either outcome. APX said HEARTFELT_ took over new initial investments in May 2023, but that host investment change does not show that the scout program closed or transferred.
Can I apply to the APX Scout Program through HEARTFELT_?
No verified scout application route is established. HEARTFELT_’s pitch form is for founder investment consideration, not APX scout admissions.
About APX Talent Pool
APX Talent Pool
Community
Connecting talent with ambitious startups.
Other programs by APX Talent Pool
AcceleratorAPX Fellowship
EndedAPX (Axel Springer Porsche)
Customized venture development for ambitious founders.
- Location
- Berlin, Germany
- Format
- In Person
- Terms
- Equity
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From public sources
What the sources say about APX Scout Program
HEARTFELT_ directs founders to a pitch form for investment consideration. This is not a verified application to the APX Scout Program.
Source: HEARTFELT | Europe’s First Cheque FundIn January 2021, TechCrunch reported that APX was replacing its 100-day founder accelerator with longer-term support.
Source: Porsche and Axel Springer increase investment into early-stage fund APX to EUR 55MAPX says it continued supporting its existing portfolio after the May 2023 investment transition.
Source: Who we are - APXAPX says new initial investments moved to HEARTFELT_ in May 2023.
Source: Who we are - APXKIT-Gründerschmiede’s Rhinepreneurs summary records Rick recalling his team’s earlier application to an APX scout program.
Source: Rhinepreneurs Episode 1 SummaryIn January 2021, TechCrunch reported that APX used a university scout program to identify potential founders.
Source: Porsche and Axel Springer increase investment into early-stage fund APX to EUR 55M
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