Axoni raises $31 million in equity financing from Deutsche Bank, Intel Capital and others

An enterprise-focused blockchain startup Axoni raised $31 million in an equity financing round.

Axoni announces $31 million equity financing with new strategic investors including @DeutscheBank , @intelcapital and @UBS https://t.co/LznYIZ8RSu

— Axoni (@axoni) February 1, 2021

The main participants were the Deutsche Bank financial conglomerate, Intel Capital’s venture arm, and UBS, the Swiss holding.

The round also included prior investors — Citi, Goldman Sachs, HSBC, JP Morgan, Nyca Partners and Wells Fargo.

Axoni develops software for banks and other financial institutions interested in applying blockchain technology. The aim of the project is to optimize accounting systems for global capital markets.

The funds will be used to expand the company’s networks across asset classes and regions.

In 2016, Axoni raised $18 million in a Series A round from Wells Fargo, Euclid Opportunities, Goldman Sachs, JP Morgan, Andreessen Horowitz and several other investors.

In 2017, Citibank joined the roster. The amount raised then exceeded $20 million.

In 2018, Goldman Sachs and Nyca Partners led Axoni’s Series B round of $32 million.

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