Axoni raises $31 million
New York-based provider of financial market infrastructure Axoni announced the close of a $31 million equity financing with participation from new investors including Deutsche Bank, Intel Capital, and UBS. Existing investors including Citi, Goldman Sachs, HSBC, J.P. Morgan, Nyca Partners, and Wells Fargo also participated in the funding round. Axoni has raised a total of $90 million since inception.
“We’re delighted to expand the list of Axoni’s strategic partners in this financing round and deeply appreciate the continued support from our existing investors. Applications of Axoni’s technology have expanded rapidly in recent years; this investment provides us with the capital and partnerships to meet that demand.” – Axoni CEO Greg Schvey.
Since its founding in 2013, Axoni’s client base has grown to include buy-side and sell-side firms, infrastructure providers, and technology companies across the United States, Europe, and Asia. The investment will be used for the expansion of the company’s networks across asset classes and regions.
“We are pleased to be participating in the fundraising for this exciting company which is well placed to help drive digitalization and increase efficiency in the global capital markets.” – Henrik Johnsson, Deutsche Bank’s Co-Head of Global Capital Markets.
“Axoni’s secure and scalable multi-party data networks address significant pain points across global financial markets. We are excited to play an active role supporting Axoni as they continue to drive considerable efficiency, transparency, and reliability improvements in capital markets infrastructure.” – Sunil Kurkure, Managing Director at Intel Capital.
“Axoni are proving themselves to be a market leader in providing technology solutions in a digital world. We are excited to partner with them to drive solutions to benefit the future of our industry, such as enhancing our front-to-back client experience and delivering operational efficiencies.” – Natalie Horton, Global Head of Capital Markets Financing at UBS.
“Since our initial investment in 2016, we are continuously impressed by Axoni’s laser focus on solving complex capital markets infrastructure challenges across multiple asset classes with their distinctive technology. We are excited to see Axoni’s strong client momentum and expanding set of capital market deployments that ensure further operational efficiency for the industry. We look forward to supporting their ongoing growth story.” – Tom Richardson, Head of Wells Fargo Principal Technology Investments.
“Citi continues to embrace new technology solutions that enhance end-to-end client experience, mitigate risk and deliver operational efficiencies. We are excited to continue supporting and partnering with Axoni to develop post trade solutions, drive common standards and help deliver significant benefit to the industry.” – Puneet Singhvi, Citi’s Head of Financial Market Infrastructure and Blockchain Lead.