# AX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ax

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.axchange.co
- Total disclosed funding: $3.3M
- Latest round: Series A (Jul 27, 2022)
- Investors on record: 6

## About

Based in Seoul, South Korea, and founded in 2017, AX Inc. is a travel activity solution company that provides a global distribution system (GDS) business model in the leisure and activity areas for publishing and reservation management of real-time activity travel products to online travel agencies. In July 2022, AX Inc. raised KRW 4.3 billion in a Series A funding from Magna Investments, NBH Capital, and SJ Investment Partners.

The company provides a travel management platform that allows online travel agencies to sell activities through a single platform rather than the hassle of uploading leisure products to multiple online platforms one at a time and receiving and settling real-time customer purchase information via a mobile application. In addition, the platform offers data analytics, visitor management, and other features to expand sales channels to online travel agencies.

AX Inc. generates revenue from the subscription of its platform packages, which include 1 pack of donuts (KRW 49,000 per pack), and 1 box of donuts (KRW 490,000 per box).

The company plans to use its proceeds from July 2022 funding to accelerate its overseas expansion and engage in B2B (business to business) sales by acquiring golf and bus tour providers in Europe, Australia, and Southeast Asia as key partners.

## Funding rounds

- Series A, Jul 27, 2022, $3.3M — SJ Investment Partners, Magna Investment, NBH Capital
- Seed, Jun 1, 2019 — Kakao Ventures, Korea Tech Incubator for Startup
- Seed, Oct 12, 2018 — SparkLabs Accelerator

## Investors

- SparkLabs Accelerator (https://capitalatlas.ai/funds/sparklabs-accelerator) — Seed
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Korea Tech Incubator for Startup — Seed
- SJ Investment Partners (https://capitalatlas.ai/funds/sj-investment-partners) — Series A
- Magna Investment (https://capitalatlas.ai/funds/magna-investment) — Series A
- NBH Capital (https://capitalatlas.ai/funds/nbh-capital) — Series A