How Much Did Axoni Raise? Funding & Key Investors

Axoni has successfully raised funding through five rounds, with the latest being a Venture - Series Unknown round. The company is backed by 29 investors, including recent contributions from CME Ventures and Franklin Templeton.

Keep reading to explore the intricacies of Axoni's fundraising journey and the investors backing this innovative platform.

What Is Axoni?

Axoni is a fintech company based in New York, specializing in real-time data replication technology for the financial services industry. The company serves some of the world's largest financial institutions, aiming to reduce reconciliations, data pipeline management costs, and unnecessary risks.

Founded in an unspecified year, Axoni has a workforce of 51-100 employees. The company is recognized for its innovative contributions to financial technology and has received several industry accolades, including SOC 2 Type 2 certification and inclusion in Forbes' Fintech 50 list.

How Much Funding Has Axoni Raised?

1. Series Unknown
   • Amount Raised: USD 20,000,000
   • Date: April 2023
   • Lead Investors: EJF Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand operations and business reach.
2. Series B
   • Amount Raised: USD 31,000,000
   • Date: February 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the company's technology and market presence.
3. Series B
   • Amount Raised: USD 36,000,000
   • Date: August 2018
   • Lead Investors: Goldman Sachs, Nyca Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product development and expand client base.
4. Series A
   • Amount Raised: USD 20,000,000
   • Date: May 2017
   • Lead Investors: NEX Opportunities, Wells Fargo
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and technology innovation.
5. Seed
   • Amount Raised: USD 2,774,999
   • Date: June 2014
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and enter the market.

Total Amount Raised: USD 109,775,000. 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 companies and real estate.
  • Investment Focus Areas: Financial services, real estate, market infrastructure.
  • 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, consumer products.
  • Notable Investments: Uber, Spotify, WeWork.
• Nyca Partners
  • Details: Nyca Partners is a venture capital and advisory firm exclusively focused on financial technology. They aim to help entrepreneurs transform payments, credit models, and financial infrastructure.
  • Investment Focus Areas: Fintech, payments, credit models, financial infrastructure.
  • Notable Investments: Affirm, Acorns, Digit.
• NEX Opportunities
  • Details: NEX Opportunities is the investment arm of NEX Group, focusing on early-stage investments in financial technology companies. They aim to support innovative solutions in the financial markets.
  • 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 with a significant presence in the banking sector. They offer a wide range of financial products and services.
  • Investment Focus Areas: Banking, 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 need for real-time data synchronization across financial institutions. With its AxCore software already deployed in various markets, the company is poised to expand its operations and business reach, reducing costs and risks for its clients.

Given the substantial investment from high-profile investors, future fundraising opportunities seem promising. The company's ability to coordinate data across multiple large financial institutions positions it well for further financial backing. However, challenges such as ensuring data accuracy and managing competition from other fintech providers remain.

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