Edison Partners proudly announced that it has provided $14 million in financing to New York City-based Axial, the largest online capital market to connect private companies to capital. Existing investors, First Round, Redpoint Ventures and Comcast Ventures, also took part in the round Proceeds will strengthen market expansion and continuous product innovation
Axial’s network of more than 11,000 capital providers and private companies uses the company’s online marketplace to identify and close M&A and growth financing agreements. Last year, company revenue increased by more than 50 percent with 7,000 transactions launched on its platform, resulting in more than $1B in completed transactions. ‘Axial is redefining how capital markets operate by providing transparency that eliminates inherent inefficiencies in the deal process for middle-market investors, advisors and CEOs,’ said Kelly Ford Buckley, Partner at Edison Partners and member of the Axial Board of Directors. ‘The company’s active membership base, differentiated technology and quality team are impressive. We’re excited to help them accelerate growth and scale in this next stage of their journey. ”
‘Edison’s focus on driving and accelerating disciplined, profitable growth will strengthen our ability to drive increased volumes and continue to improve the quality of deals,’ said Peter Lehrman, founder and CEO of Axial. ‘Their passion for investing in and working with growth-stage fintech companies and a shared vision for transforming the way private companies access capital markets have solidified them as the right strategic partner. ”
Axial was the eighth investment in Edison’s latest fund, Edison Partners VIII, which closed last month. It is also the company’s fortieth investment in its financial technology practice. Notable exits include Edgetrade, FolioDynamix (Actua), GAIN Capital, Liberty Tax and Princeton Financial Services. Current investment includes: BFS Capital, Billtrust, Clearpool Group, Compliance Science, OptionsCity, Predata, Scivantage and Trader Tools
Axial Axial
Axial (http://www) Oh, axial Net) is the largest online capital market to enhance the growth and success of private companies. Axial’s dynamic search and matching technology enables more than 6,200 middle market CEOs in its network to discover and connect more effectively with the growing online universe of consultants, investors and buyers looking to grow or exit their businesses. Today, the network comprises more than 22,000 professionals and more than 11,000 firms, which open 600 deals each month, representing more than $5 billion in annual settlement revenue.
Headquartered in New York, NY, Axial is supported by First Round, Redpoint Ventures, Comcast Ventures and Edison Partners.
About Edison Partner
Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies for 30 years. Through a unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, Edison Director Network, and executive education, Edison employs a holistic approach to nurturing inventions and creating value for business growth ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT and marketing technology industries. The investment objectives of Edison also include: purchases, recapitalisations, spin-offs and purchases of secondary shares
Edison’s active portfolio has generated an aggregate market value of more than $5 billion Its long-term team based in Princeton, NJ manages more than $1 billion in assets across the eastern United States.
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