Axora secures £7.7m Series A investment led by Traxys to expand its innovation platform
The funding round was led by Traxys with participation from Societe Generale, ABCP fund, and the Boston Consulting Group.
£7.7MSeries A
Axora operates a global innovation platform and marketplace that connects industrial companies with digital solutions and technology. The firm focuses on sectors including oil and gas, mining, and metals.
Axora has secured £7.7m in a Series A funding round led by Traxys. The financing also includes participation from Societe Generale, ABCP fund, and the Boston Consulting Group.
The capital will be used to further develop the company platform and expand its portfolio of technology solutions for industrial sectors.
From the founder
"This is an exciting time to be joining Axora as CEO. The need for companies to be digital, safer, sustainable and efficient has never been greater,"
RS
Ritz Steytler
CEO at Axora
Investor perspective
"We estimate that approximately $200 billion in Intellectual Property is duplicated every year across industrial companies,"
Ajay Chowdhury
Managing Director and Partner, Boston Consulting Group
Use of funds
- 01Continue product development