# Axela Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axela-technologies

- Industry: Software
- Headquarters: Miami, US
- Website: www.axela-tech.com
- Total disclosed funding: $5.5M
- Latest round: Series A (Jan 11, 2021)
- Investors on record: 2

## About

Axela Technologies, Inc. delivers innovative, technology-driven solutions for community associations, focusing on automating the collection of overdue assessments to streamline operations and enhance compliance.Founded in 2015 in Miami, US, Axela Technologies, Inc. specializes in technology solutions for community associations. The company was established by Martin Urruela, who has a background in developing similar ventures. Axela has secured a total of USD 4.00 mn in funding, with the latest round being a Series A led by Blueprint Equity on January 11, 2021, which marked its second deal.Axela specializes in providing technology-driven solutions for community associations, specifically targeting the collection of overdue assessments in homeowners' and condominium associations. The core product, Easy Collect™, is designed to automate and streamline the collections process, enhancing efficiency while maintaining compliance with legal and regulatory standards. This platform enables property management firms and community associations to resolve delinquencies quickly, with less than 1% of collection files resulting in legal action. Additionally, Axela offers services such as Community Association Ownership Monitoring and Automatic Community Association Payment Reminders, which cater to the needs of property management companies and associations by facilitating real-time tracking of ownership transfers and sending timely payment reminders. Axela's customer base primarily includes community associations and property management firms across the United States, aiming to reduce delinquency rates and improve cash flow through effective engagement and data-driven strategies.Axela operates on a transaction-based revenue model, where the delinquent owners are responsible for covering all associated fees during the collection process. The company generates revenue by providing its flagship services, such as Easy Collect™, and other related products to its clients, including community associations and property management firms. The pricing structure is designed to be fair and reasonable, ensuring that associations incur no costs directly associated with these services. Transactions typically involve direct engagement with homeowners who are behind on their assessments, with funds collected being promptly transferred to the appropriate community association accounts. By leveraging their automated platform, Axela enhances the recovery rate of outstanding assessments while ensuring efficient communication and reporting for its clients.Axela Technologies, Inc. aims to enhance its product offerings and expand its market presence. With the recent Series A funding of USD 4.00 mn, the company plans to invest in the development of new features for Easy Collect™, as well as explore potential new geographic markets by the end of 2023. This strategic growth plan focuses on improving service delivery and increasing customer engagement.

## Funding rounds

- Series A, Jan 11, 2021, $4M — Blueprint Equity
- Seed, May 11, 2018, $1.5M — Stratos Technologies

## Investors

- Stratos Technologies — Seed
- Blueprint Equity (https://capitalatlas.ai/funds/blueprint-equity) — Series A