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October 13, 2020

Axora secures investment to develop new innovative platform

Axora, an innovation hub for digital solutions, has announced that it is set to expand with a new “innovative platform” as it closes $10m funding from private placements.

Axora, an innovation hub for digital solutions, has announced that it is set to expand as it closes a $10m funding round from private placements.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
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The latest financing round has introduced new minority shareholders Traxys and Société Générale.

Other private investors such as ABCP fund and the Boston Consulting Group also participated in the financing round.

BCG Digital Ventures managing director and partner Ajay Chowdhury said: “We estimate that approximately $200bn in Intellectual Property is duplicated every year across industrial companies.

“Many companies across different sectors are looking to solve the same or similar problems but unfortunately there’s a lack of transparency across industries which results in wasted investment as companies develop technology solutions which have already been built elsewhere.”

The new investment will enable Axora to further develop its platform. It will also allow Axora grow its portfolio of the most applicable technology solutions.

Axora CEO Ritz Steytler said: “This is an exciting time to be joining Axora as CEO. Through its innovative digital solutions, Axora is uniquely placed to help industrial companies to transform and thrive.

“This new investment not only validates our offering but ensures that we continue to identify and provide digital solutions that solve many of the pain points suffered by businesses in industry today. I’m looking forward to leading Axora through the next phase of its development.”

Last month, Axora and specialist software provider InfoSaaS announced a partnership that aims to “transform the processes and costs” of ISO management system certifications for companies across the mining, oil, and gas industries.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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