202209 Feb

Axya raises $3.9 million in seed extension to scale deployment of supply chain software

Summary

Montréal-based supply chain SaaS startup Axya closed a $3.9 million seed extension round in December led by the Business Development Bank of Canada (BDC) Capital with participation from Real Ventures, Ecofuel, and a group of angel investors. Founded in 2019, Axya (formerly known as GRAD4) offers an artificial intelligence-powered software solution to help large manufacturing enterprises organize their outsourcing process mainly for their custom metal parts. Once the client’s operations are integrated into the platform, Axya’s technology can provide data to prompt strategic decisions. The initial $1.5 million financing allowed Axya to expand its reach to Ontario, Canada and the Northeast United States. As the COVID-19 pandemic prompted the wider adoption of technology in multiple industries, government agencies have been active in funding the startups that provide them to aid in quicker procurement.

Source: Wn24

Funding

$3.9M
Amount
Feb 09 2022
Date
-
Investor
Axya
Company

Classifications

Companies