Total amount raised
$109.8 Millions
Latest funding date
04/01/2023
Location
Axoni has successfully raised significant funding through multiple rounds, with the latest round occurring on April 26, 2023. The company is backed by 29 investors, including notable names like CME Ventures and Franklin Templeton.
Axoni's platform offers real-time, automated data replication and synchronization, serving the world's largest financial institutions. Keep reading to explore the intricacies of Axoni's fundraising journey and the investors backing this innovative platform.
What Is Axoni?
Axoni, founded in 2017 by Greg Schvey and Jeff Schvey, is a fintech company based in New York, New York. The company specializes in real-time data replication technology for financial institutions, serving banks, asset managers, hedge funds, and financial market infrastructure firms globally.
With an employee count ranging from 51 to 100, Axoni's platform enables rapid, reliable deployment of critical financial networks and automated, real-time data replication across market participants. The company values enthusiasm, integrity, and performance, and has received several industry recognitions and awards for their innovative solutions.
How Much Funding Has Axoni Raised?
- Seed Round
- Amount Raised: $2.8M
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their data replication technology.
- Series A
- Amount Raised: $20M
- Date: May 2017
- Lead Investors: NEX Opportunities, Wells Fargo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their technology and market reach.
- Series B
- Amount Raised: $36M
- Date: August 2018
- Lead Investors: Goldman Sachs, Nyca Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series B
- Amount Raised: $31M
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their technology and expand into new markets.
- Venture Round
- Amount Raised: $20M
- Date: April 2023
- Lead Investors: EJF Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and business reach.
Total Amount Raised: $109.8M. Current Valuation: Not publicly disclosed.
Key Investors
- EJF Capital
- Details: EJF Capital is a global alternative asset management firm. They focus on investing in financial services and real estate sectors.
- Investment Focus Areas: Financial services, real estate, fintech.
- Notable Investments: Not publicly disclosed.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Uber, Spotify, Facebook.
- Nyca Partners
- Details: Nyca Partners is a venture capital and advisory firm exclusively focused on fintech. They aim to help entrepreneurs transform financial services.
- Investment Focus Areas: Fintech, payments, blockchain.
- Notable Investments: Acorns, Affirm, Revolut.
- NEX Opportunities
- Details: NEX Opportunities is the investment arm of NEX Group, focusing on innovative financial technology companies. They aim to support the growth of fintech startups.
- Investment Focus Areas: Fintech, market infrastructure, trading technology.
- Notable Investments: Not publicly disclosed.
- Wells Fargo
- Details: Wells Fargo is a diversified, community-based financial services company. They provide banking, investment, mortgage, and consumer and commercial finance services.
- Investment Focus Areas: Financial services, technology, real estate.
- Notable Investments: Not publicly disclosed.
What's Next for Axoni?
Axoni stands at the cusp of significant growth, driven by the increasing demand for real-time data synchronization in financial markets. The company's AxCore software, already deployed in various markets, offers a robust solution for reducing costs, risks, and errors. This presents a substantial opportunity for Axoni to expand its client base, which includes leading market infrastructure companies, asset managers, hedge funds, and global banks.
With the recent $20 million equity financing, Axoni is well-positioned to further develop its technology and expand its market reach. This financial boost not only supports current operations but also sets the stage for future fundraising opportunities, as the company continues to innovate and meet the evolving needs of the financial sector.
However, Axoni faces challenges such as competition from other technology providers and the complexities of ensuring accurate data replication across diverse financial institutions. Navigating these hurdles will be crucial for sustaining growth and maintaining their competitive edge in the industry.
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