# Axial Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axial-networks

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.axial.net/
- Total disclosed funding: $33M
- Latest round: Series C (Jun 19, 2016)
- Investors on record: 10

## About

Axial Networks, Inc. is a US-based private deal network that facilitates deal sourcing and marketing within the North American lower middle market, connecting financial investors and business owners with tailored transaction opportunities.Founded in 2009 in New York, US, Axial Networks, Inc. operates as a private deal network catering to professionals in the lower middle market. The company was co-founded by Coleby Brewer, Michael Wolverton, and Peter Lehrman, with Peter Lehrman currently serving as CEO. Axial raised USD 14.00 mn in Series C funding on June 19, 2016, led by Edison Partners, with participation from Comcast Ventures, First Round Capital, and Redpoint Ventures. The total amount raised by the company is USD 14.00 mn, with a current valuation of USD 42.88 mn.Axial operates as a private deal network tailored for professionals engaged in the North American lower middle market. Its core offerings include deal-sourcing and deal marketing tools designed to facilitate the efficient discovery and execution of transactions typically valued between USD 2.5 mn and USD 250 mn. The platform provides functionalities that allow sell-side members to maintain control and confidentiality over their transactions, ensuring a private approach to potential buyers without the public exposure typical of traditional deal listing sites. Notably, Axial serves a diverse customer base, including over 20,000 financial investors, M&A advisors, and business owners, who utilize the platform to connect with relevant deal opportunities. The geographical markets served by Axial extend across the United States and Canada, focusing on various industry verticals, including healthcare, technology, media, telecommunications, consumer products, and business services.Axial generates revenue through membership fees and transaction-based commissions from its platform users. The company's transaction structure typically involves B2B interactions, where M&A advisors and financial investors pay for access to tailored deal flow that matches their specific investment criteria. Client engagements often involve annual subscriptions that grant access to Axial's extensive network and deal marketing resources, enhancing visibility among potential business sellers and buyers. The platform's emphasis on privacy and customization allows members to engage directly with one another, establishing partnerships and facilitating transactions without public listing. The revenue model reflects a commitment to providing value to its users by connecting them with targeted opportunities while ensuring a streamlined and confidential transaction process.As part of its strategy for future growth, Axial Networks, Inc. is focused on enhancing its platform by developing new products aimed at improving user experience and functionality, with anticipated releases in the upcoming year. The company is exploring expansion into additional geographic markets, specifically targeting the Canadian and Mexican lower middle market sectors by the end of 2024. The recent funding of USD 14.00 mn from the Series C round will be utilized to support these initiatives, specifically for product development and market expansion efforts.

## Funding rounds

- Series C, Jun 19, 2016, $14M — Edison Partners, Redpoint Ventures, Comcast Ventures, First Round Capital
- Series B, Mar 1, 2015 — Comcast Ventures, SenaHill Investment Group, Young America Capital
- Series B, Aug 1, 2014, $11M — Redpoint Ventures, Comcast Ventures, First Round Capital, The Courtney Group
- Series A, May 4, 2012, $6.3M — Redpoint Ventures, First Round Capital, Cove Point Holdings, Windcrest Partners
- Seed, Oct 18, 2010, $1.9M — First Round Capital, Lerer Hippeau Ventures, Windcrest Partners

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A, Series B, Series C
- Lerer Hippeau Ventures — Seed
- Windcrest Partners (https://capitalatlas.ai/funds/windcrest-partners) — Seed, Series A
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C
- Cove Point Holdings — Series A
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series B, Series C
- The Courtney Group (https://capitalatlas.ai/funds/the-courtney-group) — Series B
- SenaHill Investment Group (https://capitalatlas.ai/funds/senahill-investment-group) — Series B
- Young America Capital — Series B
- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series C