Canadian Manufacturing

E-Procurement software Axya raises $5.4M

The company also says that Desjardins Capital, Real Venures, Ecofiel and a group of private investors also participated in the round. 

February 8, 2022   by CM Staff

 

(Left to right) Félix Bélisle Dockrill, CEO and Yacine Mahdid, COO, co-founders. (CNW Group/Axya)

MONTREAL —Axya, a SaaS says it has recently closed its second seed round of funding within the last year, bringing the total amount invested in its platform to $5.4 million in the last 12 months.

The company says it will use the funds to accelerate the deployment of its software clients of manufacturers at the global level. The company also says that Desjardins Capital, Real Venures, Ecofiel and a group of private investors also participated in the round.

“We are thrilled to have closed this new round of funding. This investment will allow Axya to maintain a rapid pace of development to scale its software solution. It will also support our positioning as a new innovative player in the digital transformation of the outsourcing process in the manufacturing industry” said CEO and co-founder Félix Bélisle Dockrill in a statement.

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Axya provides large manufacturing enterprises with SaaS powered by AI to streamline and organize their outsourcing process mainly for their custom metal parts. Once the operations are digitized, automated and centralized onto the platform, Axya can unlock data to support strategic decisions.


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