Axioma raises £150k in seed follow-on funding from Jenson Funding Partners to develop its product.
Jenson Funding Partners provided the follow-on capital to support product development.
Axioma operates a mobile vehicle repair aggregator designed to make car repairs more affordable and straightforward for motorists. The company connects customers with trusted local technicians for at-home body repairs.
Axioma has secured £150k in a seed follow-on round from Jenson Funding Partners. The fresh capital will be directed towards product development as the firm builds on a period of strong revenue growth and expands its service model. Since its initial funding about a year and a half ago, the business has seen monthly revenues quadruple and completed over 3,000 jobs.
From the founder
"With the growing cost of living crisis and inflation continuing to rise, consumers are looking for more ways to make their money go further. Services like ours are really important and helpful from that respect as our mission is to help car owners save money on otherwise costly repairs. By bringing together the most trusted local repairers into a single platform, we’re able to provide motorists with the highest quality repairs at more affordable prices. This investment will only help us develop our product further and give even more customers the opportunity to save their hard earned money."
Stefano Sironi
Co-founder and CEO at Axioma
Investor perspective
"We’ve all experienced going to a garage and having little idea of the real value or time required to do the work. Axioma solves a real-world problem by providing trusted technicians who quote competitively on jobs because it’s actually far easier to put a price on it than people realise. It’s a proposition that’s clearly resonating with motorists and leading to impressive revenue growth, which is why we were delighted to be able to follow-on a successful investment."
Sarah Barber
CEO, Jenson Funding Partners
Use of funds
- 01Continue product development
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About the company
Axioma
Axioma operates a mobile vehicle repair aggregator that connects motorists with trusted technicians for at-home body repairs.