25madison and Apollo Funds Launch 25m Evolve, an Enterprise Software Venture Studio Focused on AI-Native Applications

25madison, a leading venture platform, today announced the launch of 25m Evolve, in partnership with funds managed by Apollo (NYSE: APO), 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.

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."

For more information about 25m Evolve, visit 25mevolve.com.

About 25madison

25madison is a Venture Platform that incubates and invests in early-stage startups. 25madison consists of 25m Flagship, 25m Health, 25m Supply Chain, and 25m Evolve. 25madison also offers brand, marketing and UX design services through Creature, an agency that helps propel companies at pivotal moments. With a collaborative approach and a deep skillset across all business needs, 25madison partners with top entrepreneurs to turn high-conviction ideas into big businesses. Find out more at 25madison.com.

About Apollo

Apollo is a high-growth, global alternative asset manager. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2023, Apollo had approximately $631 billion of assets under management. To learn more, please visit www.apollo.com.