Financial market infrastructure platform Axoni has closed a $31m funding round from a wave of new strategic investors.
The round was backed by first time investors Deutsche Bank, Intel Capital. and UBS. Previous Axoni investors Citi, Goldman Sachs, HSBC, J.P. Morgan, Nyca Partners and Wells Fargo also joined the round.
With the close of the round, the FinTech has raised a total of $90m in funding.
Axoni plans to use the capital to expand its networks across asset classes and regions.
Founded in 2013, Axoni offers clients a core data infrastructure, application development and automation tools.
Its client base incudes buy-side and sell-side firms, infrastructure providers and technology companies across the US, Europe and Asia.
Tom Richardson, head of Wells Fargo principal technology Investments, said, “Since our initial investment in 2016, we are continuously impressed by Axoni’s laser focus on solving complex capital markets infrastructure challenges across multiple asset classes with their distinctive technology.
“We are excited to see Axoni’s strong client momentum and expanding set of capital market deployments that ensure further operational efficiency for the industry. We look forward to supporting their ongoing growth story.”
The company closed its Series B round on $32m in 2018. Investors to the round included Goldman Sachs, Nyca Partners, Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo and Y Combinator.
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