Axoni Announces $32M Led by Goldman Sachs And Nyca Partners

Axoni , a provider of enterprise blockchain technology, announced the completion of a $32m Series B financing round led by Goldman Sachs and Nyca Partners, bringing Axoni’s total funding to date to above $55 million. The financing round also included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Axoni’s AxCore technology has been deployed across a variety of markets ranging from complex derivatives to high-volume foreign exchange. Notably, it has earned the role as the industry’s choice to re-platform the system underpinning the legal records, lifecycle events, and cash flow calculations for the $11 trillion credit derivatives market.

Axoni will use the latest round of financing to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore, and broaden the network of enterprises leveraging distributed ledgers. It will also advance development of AxLang, the world’s first Ethereum-compatible smart contracting language to enable formal verification.

“Our strategic partners have been critical to our success so far; we are delighted to strengthen and expand those relationships with this financing as we continue to deploy Axoni’s technology” – CEO of Axoni, Greg Schvey.

“Axoni has established itself as a market leader in enterprise blockchain, delivering solutions that can be used at scale across financial markets. We are pleased to work with them as they execute their strategy” – Managing Director of Goldman Sachs, Ashwin Gupta.

Recall investments in blockchain-slash-insurance related companies here.