Axelor has grand ambitions after Series A funding
Summary
Axelor has raised 10 million in a Series A funding round led by Inter Invest Capital, a private equity firm focused on fast-growing French startups. Axelor provides an open-source, low-code BPM platform that helps build fully-featured ERP and CRM applications.It already has more than 1,000 tools and customers, such as PSA, Minist\xe8re de la justice, Hauts-de-seine and Trenitalia. This round of funding will allow us to accelerate our development and gain a comfortable lead over our competitors.Axelor has already identified four areas it will invest in for further growth. Accelerate its international operations: focusing on an entry into the European and North American marketsThis is a huge undertaking. It will need to demonstrate that it can extend the functionality rapidly in the same way SugarCRM and Odoo have achieved with their open-source platforms.