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Axoni Secures $32 Million in Series B Funding

Axoni Secures $32 Million in Series B Funding
Credit: axoni.com

Enterprise blockchain technology provider Axoni completed a $32 million Series B financing round led by Goldman Sachs and Nyca Partners, bringing Axoni’s total funding to date to $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.

Since 2013, Axoni’s goal has been to establish itself as a leader in blockchain technology through successful partnerships with top investment banks, asset managers, and market infrastructure companies. Axoni’s AxCore technology has been deployed across markets ranging from complex derivatives to high-volume foreign exchange. According to the company, 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 plans to 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,