Axya, a Montréal, QC-based SaaS-enabled marketplace company offering e-procurement solutions for the manufacturing industry, announced it recently closed its second seed round of funding within the last year, bringing the total amount invested in its platform to CAD$5.4 million in the last 12 months only.
The new round was led by BDC Capital and funds will be used by the company to accelerate the deployment of its software solution with global leading manufacturers clients. Desjardins Capital, Real Ventures, Ecofuel, and a group of private investors also participated in the round.
This investment will allow Axya to maintain a rapid pace of development to scale its software solution. It will also support our positioning as a new innovative player in the digital transformation of the outsourcing process in the manufacturing industry.
Company: Axya Inc.
Raised: CAD$5.4M
Round: Seed Round
Funding Month: February 2022
Lead Investors: BDC Capital and funds
Additional Investors: Desjardins Capital, Real Ventures, and Ecofuel
Company Website: https://axya.co/
Software Category: SaaS procurement platform
About the Company: Founded in 2019, by Félix Bélisle Dockrill, Nicolas Gauthier, Yacine Mahdid, and Karim Besbes Axya, formerly named GRAD4. Axya is a flexible SaaS procurement platform, a SaaS-enabled marketplace company offering e-procurement solutions for the manufacturing industry, democratizes procurement software solutions by providing large manufacturing companies with simple technological tools to facilitate and organize their outsourcing process for their custom metal parts. Moreover, the users have access to a network of 350+ qualified suppliers. The young SaaS-enabled marketplace company is working with leaders in the aerospace, transport, and mining industries. Axya provides large manufacturing enterprises with a fast-to-deploy SaaS powered by AI to streamline and organize their outsourcing process mainly for their custom metal parts.
Source: https://www.newswire.ca/news-releases/e-procurement-software-axya-raises-5-4m-to-propel-its-next-phase-of-growth-863497063.html