Financial market infrastructure firm Axoni lands $20m


Axoni, a provider of data synchronisation technology and financial market infrastructure, has closed a $20m equity financing round.

The round was led by EJF Ventures, with participation from Laurion Capital Management, Communitas Capital, and existing investors. Axoni has raised more than $110m since inception.

Axoni’s AxCore software synchronizes data across enterprises, solving decades-old coordination problems between large companies. By guaranteeing data is continually and automatically replicated in real time, with guaranteed accuracy and completeness, Axoni technology reduces cost, risk, and errors when moving trade data and other critical information between financial institutions.

With AxCore now deployed across various asset classes and markets, the company claims it is also standardising the internalization of data, further reducing costs for institutions who can leverage existing familiarity with Axoni software.

Since its founding in 2017, the firm’s client base has grown to include many of the world’s leading market infrastructure companies, asset managers, hedge funds, and global banks in the United States, Europe, and Asia. Axoni’s mission critical technology processes trillions of dollars of transactions annually across international markets.

Axoni CEO Greg Schvey said, “We’re delighted to add these financial technology experts to our list of partners and deeply appreciate the continued support from our existing investors. This investment will facilitate further advancement of our technology as well as our continued global expansion.”

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