FT Partners Advises Axial on its $14,000,000 Growth Financing Round
Overview of Transaction
- On August 3, 2016 Axial announced a minority $14,000,000 Series C growth financing round led by Edison Partners
- Existing shareholders include Comcast Ventures, First Round Capital and RedPoint Ventures
- Headquartered in New York City, Axial is the largest online capital market enabling private companies to grow and succeed
- The Company is the all-in-one solution for business development: from finding capital, to sourcing deals, to marketing and analytics
- Axial's network enables the three constituents (Investors and Lenders, Advisors and Companies) to operate seamlessly in the private capital markets and run key business development activities
- Edison Partners is a leading private equity firm with a focus across investing in Financial Technology, Healthcare IT, Marketing Technology and Enterprise 2.0
Significance of Transaction
- The transaction will further help Axial emerge as the leading online capital market for companies and help fund future growth initiatives
- Firmly positions the Company to capitalize on strong traction in the private capital markets space and to continue to bring much needed efficiency to the market
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Axial and its Board of Directors
- FT Partners leveraged its deep knowledge of the Company, extensive experience and broad industry relationships to help achieve a favorable outcome for the Company
- Transaction demonstrates FT Partners' continued success advising top-tier Financial Technology companies