AARHUS, Denmark, April 26, 2023 — Pioneering learning management system LMS365, has raised $20 million in growth capital to fund its continued global expansion.

The investment was led by New York City-based Blue Cloud Ventures with participation from Kamet Capital and existing shareholders. Blue Cloud Ventures is a late-stage SaaS-focused venture capital fund with prior investments in several leading workforce management and learning software companies globally. As part of the funding, Mir Arif and Eric Guardiola of Blue Cloud Ventures will be joining the LMS365 board and Victor Yaw will be joining as a board observer.

LMS365’s user-centric learning management system is the only learning platform built into Microsoft Teams, Microsoft Viva and Microsoft365. With millions of users in 60+ countries, LMS365 enables some of the world’s leading organizations to effectively manage employee learning and training.  Empowering employees with its element of ‘Learn Like You’ – i.e. allowing employees to learn in their familiar flow of work – has been key to LMS365’s success.

“Raising a round of this magnitude in the current climate is outstanding for the whole team and a testament to all the hard work put into getting to this point,” said Rasmus Holst, CEO of LMS365. “This capital injection represents a significant change in gear for our business. The decision by our CTO, Freddy Bang, to build on Teams in 2016 sparked a phenomenal growth journey, and now we are ready for the next chapter.“

“We are thrilled to partner with LMS365 and its management team,” said Mir Arif, Managing Partner of Blue Cloud Ventures. “We have tracked the LMS market for a long time and were impressed by the Microsoft Teams-native platform built by LMS365 which provides seamless deployment and ease of use for their customers.“

“We are very familiar with the Microsoft and LMS ecosystem and are strong believers in the unique and differentiated position that LMS365 has carved out in this large and growing market,” said Eric Guardiola, Principal at Blue Cloud Ventures.

LMS365 has grown organically through its tight integration with Microsoft, and by tapping into the global business need that COVID-19 highlighted – the ability to onboard, train and develop employees regardless of their location. 

“We see a clear window of opportunity in the market where we can accelerate,” said Henrik Jeberg, Chief Strategy Officer of LMS365. “While we are proud of our growth rates, Microsoft Teams adoption has also grown fast, so we expect to continue to invest in our core market, and we also see Microsoft Viva as a clear opportunity.“

LMS365 expects to continue to grow geographically after successfully expanding its market access through the acquisition of distribution partners in the U.S., Germany and Australia. By focusing on adjacencies, LMS365 aims to offer additional functionality to customers and users. “We will use M&A strategically going forward, including in relation to product development,” added Henrik Jeberg.

LMS365 believes learning will only become more strategic for businesses in the future. Businesses expect that employees will take increasing control of their professional development – seeking knowledge in their own time for their personal career journey and to benefit their employer.  Skills will continue to be a strong currency in the future job market.

About LMS365
At LMS365, we’re on a mission to place learning in the hands and hearts of people — empowering them to learn for life. Like no one else. As the only learning platform built into Microsoft 365 & Teams, we help millions of users within global organizations embrace the modern digital workplace and learn in their individual and familiar flow of work. Because we believe in putting people over platform. Today, with offices in Europe, Australia, and the US, we excite and enable users in 60+ countries to grow smarter. To unleash their full potential. To train, work, and learn like you. For more information, please visit www.lms365.com.

About Blue Cloud Ventures

Blue Cloud Ventures (BCV) is a software-focused later stage venture capital firm based in New York City. The fund targets investments in leading business application, infrastructure and open source software companies. Some of BCV’s past and present portfolio companies include Arctic Wolf Networks, Clari, Cloudbees, Druva, Go1, Iterable, NGINX, Templafy, Pax8 and Wrike. For more information on BCV and our portfolio companies, please visit www.bluecloudventures.com.

Contact:
Jamie Hornberger 
585-944-7456 
[email protected] 

SOURCE LMS365

This is part of its US$ 1.3 bn fund raise plan

MUMBAI, India, April 26, 2023 — Avaada Group today announced that it has raised US $ 1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing US$ 1.3bn fund raise plan.

Brookfield Renewable, through its Brookfield Global Transition Fund (BGTF) will be investing up to US $ 1 billion in Avaada Ventures Private Limited.

Global Power Synergy Public Company Limited (“GPSC”), will further invest US $ 68 million in Avaada Energy Private Limited for releasing debt obligations and supporting the growth.

The Group is also in advanced discussions with potential investors to raise another US$ 200 million.

Avaada Group has become future-ready in the global Energy Transition theme and has diversified into manufacturing of Green Hydrogen, Green Ammonia. The Group has also expanded its footprint into the Solar PV supply chain with manufacturing of solar cell and module. Avaada currently operates a renewable energy portfolio of ~4 GW with plans to reach 11 GW by 2026.

Vineet Mittal, Chairperson and Founder, Avaada Group commented: “Avaada Group is a leading player in energy transition in India, building an integrated ‘Sand to molecule’ business aligned for the global energy transition towards decarbonization. I am delighted to welcome Brookfield to join us in our next phase of growth. The collaboration will support us in pursuing exciting opportunities as we play a critical role in meeting the exponential growth of sustainable energy and position ourselves at the forefront of the global energy transition. I’m also thankful to GPSC for their continued support in fulfilling our mission of delivering promise of a sustainable future for posterity.”

Nawal Saini, Managing Director, Renewable Power & Transition, Brookfield added, “We are pleased to be investing in Avaada through the Brookfield Global Transition Fund, which focuses on investments that accelerate the progress to a net-zero carbon economy. This strategic partnership will leverage Brookfield’s global track record, access to capital and operational expertise alongside Avaada’s strong local footprint, to enable their vision for the energy transition business. Brookfield remains committed to supporting the next generation of clean energy technologies and contributing to India’s net-zero aspirations.”

Avaada Group:

Social entrepreneur Vineet Mittal-led Avaada Group is an integrated energy platform with business interests ranging from manufacturing solar cells, modules and electrolysers to renewable power generation, green hydrogen, and green ammonia production. Avaada Group’s flagship company Avaada Energy is India’s fastest-growing renewable energy IPP. Within five years, it has developed an impressive portfolio of 4 GW and the firm plans to reach 11 GW by 2026 and 30 GW by 2030.

The solar manufacturing business of Avaada is in the advanced stages of developing a manufacturing facility for wafer, cell, and modules. The group is also executing Green Ammonia projects across multiple geographies.

Logo: https://mma.prnewswire.com/media/2063725/Avaada_Logo.jpg

SOURCE Avaada Group

No-code/low-code platform enables any company to quickly build robust AI applications to compete in the automation economy

SAN JOSE, Calif., April 26, 2023 — aiXplain, the industry’s first no-code/low-code integrated AI development platform, announced today that it has raised $8 million in seed funding led by Transform VC and Calibrate Ventures.

aiXplain is the industry’s first end-to-end integrated platform for quick development and delivery of AI projects. aiXplain’s no-code/low-code integrated development environment (IDE) enables users to develop, manage, benchmark, experiment and one-click deploy AI assets. Initially attracted to the platform’s ease of use and ability to increase speed-to-delivery for AI projects, aiXplain customers create more advanced applications by accessing a large and growing number of AI assets in data, models, pipelines and benchmarks. Through the aiXplain marketplace, users can access aiXplain’s own as well as third-party assets from OpenAI, Google, AWS, Azure and dozens of other AI technology providers.

“Today, the hardest part of delivering business-altering AI is bringing everything together: data preparation, model training, benchmarking, and deployment all involve different skill sets, diverse tools, and multiple groups,” said Hassan Sawaf, CEO and founder of aiXplain. “This complexity creates a tremendous barrier to success. In short, AI projects are difficult and costly to set up and deliver. We have built aiXplain to address this huge problem.”

Gartner states that 85% of AI projects fail due to unclear objectives and obscure R&D project management processes. As well, 87% of R&D projects never get to the production phase, while 70% of clients indicate minimal or even no impact from AI. “These numbers speak to the tremendous size of the problem in designing, building and iterating on meaningful AI projects”, said Raed A. Masri, founding partner of Transform VC.

“In every industry, the race is on to deploy AI to improve competitiveness, yet many companies don’t have the technical teams and resources needed to develop, test, and deploy cutting-edge AI solutions. With aiXplain, even non-technical users can quickly create robust AI applications,” said Jason Schoettler, managing partner at Calibrate Ventures. “Hassan, with over 25 years of experience building AI models at companies such as Amazon, Facebook, and eBay, has assembled an exceptional team of technologists and business strategists who clearly see the democratized future of AI.”

In under a year, aiXplain has scaled rapidly among high-growth technology companies and Fortune 500 enterprises alike. Marco Trombetti, founder and CEO at Translated, a world leader in machine translation with over 200,000 customers worldwide, credits aiXplain with automating and streamlining its data-sourcing and machine learning development processes, resulting in new world-class products and generating fresh revenue. “Thanks to our deep partnership with aiXplain, we continue to expand our leadership position in the field of advanced natural language processing,” said Trombetti. “aiXplain’s enterprise-strength platform enables us to power faster and more profitable global expansions for companies such as Airbnb and Uber.”

Bruce Lucas, founder and CEO of Slide, one of the largest insur-techs in the US, credits aiXplain with rapidly producing AI and machine learning solutions that leverage Slide’s proprietary big dataset in revolutionary ways. “Using the aiXplain toolkit, our team was able to rapidly develop a prototype of a multimodal agent, analogous to Microsoft’s CoPilot or OpenAI’s ChatGPT,” said Lucas. “This new agent will support our examiners in the complex process of claims handling.”

Experience aiXplain:

• Sign up for a demo or kick off a free project to test out our platform at aixplain.com and experience what it’s like to effortlessly gain control of your AI design, development and benchmarking.
• aiXplain is hiring – explore open opportunities at https://www.aixplain.com/careers

About aiXplain

aiXplain is the industry’s first end-to-end integrated platform for quick development and delivery of AI projects and solutions. aiXplain’s no-code/low-code integrated development environment (IDE) enables users to develop, manage, benchmark, experiment and deploy AI assets quickly and efficiently. aiXplain users come for productivity and stay to benefit from an ever-growing network of AI assets including data, models, pipelines, and benchmarks. Customers can design their own AI pipeline, benchmark their model against other models, use their own datasets or benefit from available datasets—all to easily create and maintain AI systems.

Contact:  [email protected]

About Calibrate VC

Calibrate Ventures is an early-stage venture capital firm investing in deep tech that can be applied at scale. Calibrate uses its expertise in AI, computer vision, and robotics to invest in technologies that can be integrated into broad, near-term industry applications in food, health, logistics, manufacturing, and security, among others. Calibrate typically leads Seed and Series A rounds, backing technical founders who have demonstrated disruptive vision in their fields. Founded in 2017, Calibrate is based in Pasadena, California, and invests throughout the United States.

About Transform VC

San Francisco-based Transform VC identifies and funds untapped and underrepresented technology founders for transformative impact & exceptional returns.  With a goal to enable 1000 tech founders to positively impact one billion lives and an affinity for immigrant, female, and BIPOC founders, Transform VC focuses on AI and technologies solving climate and social challenges.

SOURCE aiXplain, inc.

Peter Messana, former CEO of Searchspring, named Chief Executive Officer

FRAMINGHAM, Mass., April 26, 2023 — Today Scaleworks, the B2B SaaS-focused venture equity firm based in San Antonio, Texas, announced the acquisition of Centage Corporation, the leading provider of modern FP&A software solutions for small and midsized finance teams.

Centage empowers finance teams to meet the challenge of constant change. Our solution, Planning Maestro® is a modern cloud platform for managing every aspect of budgeting, planning, forecasting and data analysis and provides business leaders the financial visibility and control needed to lead organizations to growth and profitability. 

Peter Messana, who has previously served as CEO of Searchspring (a former Scaleworks investment) has been appointed CEO, replacing previous CEO John Murdock. “I’m excited to join the Centage team and expand on the incredible foundation John has built with the organization over the past six years. Together, the team and I are aligned on our customers and will continue to innovate and deliver best-in-class products and services that best serve their needs,” said Messana.

“This is an exciting acquisition for Scaleworks and an excellent addition to our portfolio. Centage provides a modern, sophisticated yet readily accessible FP&A solution to its customers and has an excellent foundation to build upon,” commented Ed Byrne, General Partner of Scaleworks. “We look forward to working alongside the Centage team and its CEO Peter Messana in this next phase of the company’s expansion.”

Terms of the transaction were not disclosed.

To learn more about Scaleworks and its portfolio of companies, visit www.scaleworks.com. To learn more about Centage, visit www.centage.com. 

ABOUT SCALEWORKS
Scaleworks is a SaaS growth fund that acquires and operates B2B software in the lower middle-market. The Scaleworks’ “Venture Equity” model takes a hands-on approach to scaling businesses, opening new offices in their San Antonio headquarters, building go-to-market teams, focusing on category design, and investing in capital-efficient growth. Recent portfolio companies include Profitero, Searchspring, Chargify, and Earth Class Mail.

ABOUT CENTAGE
Centage is a leading provider of modern FP&A software solutions that empower Finance teams to lead the way to a stronger, more agile business. Our cloud platform, Planning Maestro, makes sophisticated budgeting, planning, and forecasting easy and accessible. Intuitive automation accelerates workflows and improves accuracy, enabling Finance leaders to deliver reliable information and meaningful insights at the speed of today’s business. For more information, visit www.centage.com. 

SOURCE Centage Corporation

New initiative offers range of DEI tools and resources specifically designed for VC firms and their portfolio companies with support from sponsors Johnson & Johnson Innovation-JJDC, Mission BioCapital, and Third Rock Ventures

CAMBRIDGE, Mass., April 26, 2023 — LabCentral Ignite, a platform dedicated to advancing racial, gender and other representation and opportunity within the life sciences field, today launched IgniteVC in partnership with the Bioscience & Investor Inclusion Group (BIIG). BIIG is a grassroots effort driven by leaders from venture capital (VC) firms and startups. The new initiative aims to cultivate a highly inclusive life sciences venture capital community and support the growth of more diverse and inclusive portfolio companies from inception to success.

IgniteVC will provide VC firms and startups with practical tools, best practices, and a community of peers to advance their diversity, equity, and inclusion (DEI) goals. This new initiative will build upon years of work done by hundreds of leaders in BIIG, an unprecedented effort to promote DEI in life sciences innovation and investment.

“We are incredibly grateful for the time and expertise of the BIIG volunteers who have created a strong community and a set of unique resources that are now widely available. We look forward to welcoming them to our team as part of IgniteVC. Their hard work and dedication, along with the support of our sponsors, have been instrumental in launching IgniteVC,” said Gretchen Cook-Anderson, LabCentral Ignite Executive Director.

Seed support for IgniteVC comes from founding sponsors Johnson & Johnson Innovation-JJDC, Inc., Mission BioCapital, and Third Rock Ventures. IgniteVC will be managed by LabCentral Ignite, which is set to hire a director this spring to lead VC community engagement, expansion, and planned global impact.

“The work that will be done by IgniteVC is critical to driving underrepresented groups into the life sciences sector as a viable career pathway,” said Abbie Celniker, PhD, Partner at Third Rock Ventures. “By cultivating a more inclusive VC community and providing resources to support portfolio companies in implementing DEI best practices, IgniteVC is helping to create a more diverse and equitable life sciences ecosystem. We are proud to continue supporting this important work and look forward to seeing the impact it will have on our industry.”

To learn more about IgniteVC and how to get involved as a sponsor or member, please visit www.labcentralignite.org/ignitevc.

About LabCentral Ignite
The growing Ignite platform is dedicated to developing equity, inclusion, and opportunity within the life sciences field. Through a range of equity-driven programs and a growing member network of industry, startups, higher education, and nonprofits, Ignite connects underrepresented students, talent and innovators to academic, technical skills-building, mentoring, job placement, and board and leadership preparation opportunities that fuel biotech diversity and inclusively transform careers. More information is available at www.labcentralignite.org.

About the Biosciences Investor Inclusion Group (BIIG)
Bioscience & Investor Inclusion Group is a collaborative volunteer-led effort comprised of life sciences venture capital firms and innovator companies that have worked together since 2020 to develop actionable diversity, equity and inclusion solutions. This industry-driven initiative is centered on the collective mission of advancing DEI in the life sciences sector by utilizing best practices, metrics, tools and processes that have been developed intentionally by leaders actively serving in these companies.
www.bioinclusion.org 

About LabCentral
A private, non-profit institution, LabCentral was founded in 2013 as a launchpad for high potential life-sciences and biotech startups. Operating a total of 225,000 square-feet in the heart of Kendall Square in Cambridge, Mass., LabCentral offers fully permitted laboratory and office space for as many as 100 startups comprising approximately 1,000 scientists and entrepreneurs. More information is available at www.labcentral.org.

SOURCE LabCentral

The investment spotlights the importance of large language models and comes as private equity firms seek more efficient solutions to source and analyze competitive market research data

GREENWICH, Conn., April 26, 2023 — Hunt Scanlon Ventures, a leading M&A advisory firm focused on the human capital markets, announced today that it has participated in a successful funding round for AiFlow, the innovative AI-driven market intelligence platform designed to automate competitor analysis and market research for private equity firms.

AiFlow is supported by a heavyweight team of advisors, including Dr. Karthik Narasimhan, one of the original creators of GPT, Princeton Assistant Professor in NLP, and former OpenAI Research Scientist; Suhit Gupta, Chief Information Officer at General Atlantic; Scott A. Scanlon, CEO of Hunt Scanlon Ventures; and Cody Crook, Managing Director at Hunt Scanlon Ventures. Their combined expertise and industry connections are set to drive AiFlow’s growth and expansion.

“AiFlow has created a powerful new solution to automate real-time market intelligence,” said Mr. Scanlon. “The company’s software compiles data that would take an entire team of analysts weeks to gather. For private equity firms seeking a competitive edge, AiFlow delivers.”

The investment round will enable AiFlow to bolster its advanced technology currently being piloted by three large-cap private equity firms with combined assets under management (AUM) of $300 billion. Since raising their seed round in conjunction with Y-Combinator Demo Day on April 6, AiFlow has lined up more than 73 private equity firms requesting demos.

“Market research is a complex, expensive, and time-consuming process,” said Mr. Crook. “AiFlow is disrupting this space by automating it with state-of-the-art large language models (LLMs) that create detailed, accurate, and dynamic reports at a fraction of the cost. Nick and Josh have a big opportunity ahead to leverage AiFlow and bring efficiency and scale to the companies they serve.”

The funding round comes as private equity firms increasingly seek more efficient and accurate ways to source and analyze information. Global AUM has surged to $9 trillion and is projected to reach $17 trillion by 2027.

“AiFlow’s unique value proposition has already captured the attention of key industry players,” said Christopher W. Hunt, co-founder of Hunt Scanlon Ventures. “This latest investment is anticipated to further spotlight the importance of large language models as a new intelligence solution for the private equity sector.”

To learn more about AiFlow and its groundbreaking platform, visit aiflow.solutions

About Hunt Scanlon Ventures:

Hunt Scanlon Ventures is an M&A advisory firm focused on the human capital markets. The firm assists in global merger and acquisition advisory, sourcing and facilitating transactions, buyouts, and growth capital investments as it guides founders to successful exits. Hunt Scanlon is an investor in data-driven and AI-powered human capital platforms where the firm works in partnership with management teams to scale and grow their businesses through a combination of capital investment, acquisitions, and other strategic initiatives.

Contact: Cody Crook
Managing Director
(317) 417-6936
[email protected]

Related Links
www.huntscanlonventures.com

SOURCE Hunt Scanlon Media

MENLO PARK, Calif., April 26, 2023 — Sparta Science, a leading technology company specializing in movement health, announced today the successful closing of a funding round led by IA Capital Group, a strategic insurtech investor.

There is a strong demand for accurate risk assessment and prediction tools in long-term care insurance, disability insurance, and occupational health solutions to mitigate the impact of MSK disease and falls. Sparta Science’s cutting-edge technology analyzes simple movements, such as balancing tasks with advanced data analytics and machine learning to segment an individual’s risk for adverse outcomes rapidly. By leveraging this data-driven approach, Sparta Science empowers insurers, employers, and healthcare providers with actionable insights to proactively address MSK health and reduce the burden of injuries and falls.

IA Capital Group, a leading insurtech-focused investment firm, recognizes the immense potential of Sparta Science’s solutions in the insurance market. “IA Capital Group is excited to collaborate with Sparta Science and support the company in bringing its best-in-class movement health platform to insurers and other stakeholders in the insurance industry,” said Matt Perlman, Partner at IA Capital Group.

“We are thrilled to have IA Capital Group lead this funding round,” said Dr. Phil Wagner, CEO of Sparta Science. “Their deep expertise in insurtech and commitment to innovation align perfectly with our vision of transforming the way MSK disease and falls are understood and managed. This partnership will enable us to accelerate our efforts to deliver meaningful value to our insurance partners and the broader market.”

With the support of IA Capital Group’s investment, Sparta Science is poised to drive further innovation in the insurance market, helping insurers and other stakeholders better understand, predict, and prevent MSK disease and falls. The funding will be used to advance Sparta Science’s research and development efforts, expand its customer base, and continue to deliver exceptional value to its partners and clients.

About IA Capital Group

IA Capital Group is the leading venture capital firm focusing primarily on insurtech, making strategic venture capital investments on behalf of 20+ carriers, with a more than two-decade track record of successfully partnering with early-stage insurtech and fintech companies

About Sparta Science

Trusted by organizations spanning the healthcare, government, and sports industries, our Movement Health Platform empowers organizations to provide a better standard of care.

SOURCE Sparta Science

The software company plans to grow its channel program and SMB market share with Judy, an accessible, affordable all-in-one cybersecurity solution.

DETROIT, April 26, 2023 — AaDya Security, a software company founded by cybersecurity veteran Raffaele Mautone in March of 2019, announced the close of a $5 million Series A funding round. Led by Mautone as AaDya’s CEO, the new funding will enable the company to fill a key leadership position in finance and expand its sales team to accelerate the growth of its channel program for managed service providers, resellers and referral partners serving small and midsize business customers.

New York-based Left Lane Capital led the funding round with participation from current investors 645 Ventures, Firebrand Ventures, Gaingels and Invest Detroit.

Along with the funding round, AaDya is also announcing its new board of directors which includes a majority of experienced female cybersecurity executives–a rare occurrence in what is typically a male-centric industry. Board members include Julie Cullivan, Didi Dayton, Laura Sillman, Tom Lazay and Raffaele Mautone. Cybersecurity and channel veteran, Lisa Matherly will serve as an advisor for the marketing and channel teams.

“The majority of small business owners lack the resources to protect their businesses against rising cyber security threats as they have been overlooked and underserved by existing offerings. This leaves tens of millions of small business owners vulnerable to phishing, malware, and ransomware attacks that can be catastrophic to operations. We are excited to partner with Raffaele & the AaDya team of industry veterans, who share our mission to empower SMBs against this growing existential risk,” said Laura Sillman, Vice President of Left Lane Capital.

Judy, AaDya Security all-in-one, cybersecurity solution was designed specifically for the needs of small and midsize business customers and the service providers that support them, a market segment that is often overlooked and underserved by established software vendors. The software platform is easy-to-use and manage, without compromising on security. This empowers SMB customers to easily protect their businesses from threats and meet increasingly strict regulations and compliance requirements related to data security and access. It also helps managed service providers (MSPs) and managed security service providers (MSSPs) looking to scale or streamline their security offerings by automating and streamlining security tasks and monitoring.

“The entire idea and mission behind AaDya Security is serving a population that many of the major players within the cybersecurity industry have avoided due to its cumbersome nature and revenue potential,” said Mautone. “We see this differently. With the combination of a vast universe of SMBs who have been underserved and the rise in cybercrime against them, we saw an opportunity to not only create something innovative, but something that could truly help a segment that comprises the majority of economic activity, not just in North America, but across the globe.”

Mautone’s bold focus on the often-overlooked SMB customer is matched by his unique, female-forward approach with the company’s brand. He explains, “When I first sketched out the idea for our all-in-one platform, I knew that leading with fear, technical imagery and industry jargon was not the best way to serve them. I’ve been lucky in my life to be surrounded by strong, smart, successful women who have helped guide my career, so Judy as the heart and brains of our platform and our brand was very intentional.”

About AaDya Security
Headquartered in Detroit, Michigan, AaDya Security provides smart, simple, effective and affordable cybersecurity software solutions for small and midsize businesses. Judy, our all-in-one cybersecurity platform, leverages AI and machine learning to deliver next-generation, 24/7 protection and support for companies who lack the time, expertise and capital to successfully implement these solutions on their own. For more information please visit our website, AaDyasecurity.com

About Left Lane Capital
Founded in 2019, Left Lane Capital is a New York-based global venture capital and growth equity firm investing in internet and technology companies with a consumer orientation. Left Lane’s mission is to partner with extraordinary entrepreneurs who create category-defining companies across growth sectors of the economy, including software, healthcare, e-commerce, consumer, fintech, edtech, and other industries. Today, Left Lane Capital has invested in more than 60 companies worldwide. Select investments include GoStudent, M1 Finance, Wayflyer, Bilt, Masterworks, Blank Street, Talkiatry, Tovala, and more. For more information, please visit https://www.leftlanecap.com/.

AaDya Social:
Facebook: @aadyasec  | Twitter: @AaDyaSecurity
LinkedIn: linkedin.com/company/aadya-security/  |  Instagram: @aadyasecurity

SOURCE AaDya Security

NEW YORK, April 26, 2023 — Axoni, a provider of data synchronization technology and financial market infrastructure, announced today the close of a $20 million equity financing round led by EJF Ventures, with participation from Laurion Capital Management, Communitas Capital, and existing investors. Axoni has raised more than $110 million since inception.

Axoni’s AxCore software synchronizes data across enterprises, solving decades-old coordination problems between large companies. By guaranteeing data is continually and automatically replicated in real time, with guaranteed accuracy and completeness, Axoni technology reduces cost, risk, and errors when moving trade data and other critical information between financial institutions. With AxCore now deployed across various asset classes and markets, it is also standardizing the internalization of data, further reducing costs for institutions who can leverage existing familiarity with Axoni software.

Since its founding in 2017, Axoni’s client base has grown to include many of the world’s leading market infrastructure companies, asset managers, hedge funds, and global banks in the United States, Europe, and Asia. Axoni’s mission critical technology processes trillions of dollars of transactions annually across international markets. 

“We’re delighted to add these financial technology experts to our list of partners and deeply appreciate the continued support from our existing investors,” said Axoni CEO Greg Schvey. “This investment will facilitate further advancement of our technology as well as our continued global expansion.”

“Modernizing legacy financial infrastructure is essential as market participants grapple with the challenges of an increasingly real-time world. Axoni solves key data-related problems with a modular architecture resulting in improved operational efficiency and greater client satisfaction. We believe AxCore has applicability across many lines of financial services and we are excited to support the exemplary team at Axoni,” said Jonathan Bresler, Managing Partner of EJF Ventures.

“We believe Axoni is ideally positioned to serve the industry’s secular trend in post-trade operational efficiency,” said Emmanuel Naim from Laurion Capital Management. “Laurion is thrilled to participate in the company’s new round of financing.”

Axoni software has been deployed or is in development in a wide range of markets, including:

• Cleared stock loan transactions at OCC (Options Clearing Corporation)
• Global credit derivatives in partnership with The Depository Trust & Clearing Corporation (DTCC)
• Global communications platform for primary issuance of corporate bonds in partnership with DirectBooks
• Global equity swaps in partnership with a consortium of leading market participants
• Global derivatives platform slated to launch in 2023

About Axoni

Axoni is a New York-based technology firm that specializes in the coordination of data across financial institutions. Founded in 2017 by a team of distributed systems and financial markets veterans, the company offers core data infrastructure, application development, and automation tools. Axoni’s technology is used across global capital markets by the world’s leading banks, asset managers, hedge funds, and infrastructure providers.

Existing investors include Andreessen Horowitz, Citi, CME Ventures, Coatue, DCG, Deutsche Bank, DCVC, FinTech Collective, F-Prime, Franklin Templeton, Goldman Sachs, HSBC, Intel Capital, J.P. Morgan, LSEG, Nyca Partners, UBS, Wells Fargo, and Y Combinator.

SOURCE Axoni