# AxesNetwork Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axesnetwork-solutions

- Industry: Software
- Headquarters: Sherbrooke, Canada
- Website: www.axesnetwork.com
- Total disclosed funding: $1.5M
- Latest round: Series D (Sep 2, 2015)
- Investors on record: 2

## About

AxesNetwork Solutions Inc. is a cloud-based management system provider focused on the gaming and amusement industry, enhancing operational efficiency and financial security for its clients.AxesNetwork Solutions Inc. specializes in advanced management systems for the gaming sector. The company is headquartered in Sherbrooke, Canada. It raised CAD 2 million in Series D funding on September 2, 2015, from investors including Anges Québec, FIER Succès, and others. Earle Hall serves as the CEO, steering the organization towards innovative solutions in the gaming landscape.AXES Network specializes in providing a comprehensive cloud-based management system tailored for the gaming and amusement industry. Their core product offerings include AXES Core, cashless apps, and market solutions designed to streamline financial operations, enhance security, and improve operational efficiency for various stakeholders within the industry, including casinos, route operators, and government entities. The services facilitate the management of information and transactions by eliminating the risks associated with cash handling, thereby increasing profitability and enhancing user experience. AXES Network's solutions are deployed in over 1,250 sites across more than 40 countries, serving a diverse clientele that includes manufacturers, street gaming operators, and casino owners. By addressing the critical needs of financial security and operational efficiency, AXES Network positions itself as a key player in the global gaming landscape.AXES Network's revenue model revolves around a subscription-based framework whereby clients engage with the company's various software solutions and services. Clients, which include casinos and gaming route operators, may enter into partnerships that involve ongoing service fees for the use of AXES Core and associated cashless applications. The pricing structure is typically linked to the number of applications selected and the scale of implementation, allowing for tailored solutions that address specific business requirements. Revenue is generated through these subscription agreements, alongside potential transaction fees associated with the cashless payment solutions offered. The company's focus on enhancing financial management and operational accuracy positions its products as essential tools for clients looking to optimize their gaming operations.In September 2015, AXES Network raised CAD 2 million in funding to support its growth initiatives. The company plans to enhance its product offerings with new features and functionalities aimed at improving client engagement. Additionally, AXES Network aims to expand into new geographic regions, specifically targeting North America and Europe by 2025. This strategic expansion is designed to capitalize on emerging market opportunities in the gaming industry.

## Funding rounds

- Series D, Sep 2, 2015, $1.5M — Anges Quebec, FIER Succès

## Investors

- Anges Quebec — Series D
- FIER Succès (https://capitalatlas.ai/funds/fier-succes) — Series D