Axoni Raises $32M Led By Goldman Sachs, Nyca Partners

Axoni, a provider of enterprise blockchain technology, announced Tuesday (Aug. 14) that it has raised $32 million in venture funding.

In a press release, the company said the Series B round of financing was led by Goldman Sachs and Nyca Partners, with participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator. With the latest round of funding, Axoni has raised more than $55 million in funding, the company said in the press release.

“Our strategic partners have been critical to our success so far; we are delighted to strengthen and expand those relationships with this financing as we continue to deploy Axoni’s technology,” said Greg Schvey, CEO of Axoni, in the press release.

Since launching in 2013, Axoni has become a leader in blockchain technology via partnerships with investment banks, asset managers and market infrastructure companies, the company said in the press release. Its AxCore technology is being used in a variety of markets, including complex derivatives and high-volume foreign exchange. According to the company, AxCore has become the industry’s choice to re-platform the systems underpinning legal records, lifecycle events and cash flow calculations for the credit derivatives market.

The company plans to use proceeds from the latest round of financing to enhance its data synchronization technology, broaden the network of enterprises leveraging distributed ledgers and expand its suite of infrastructure products to support mission-critical deployments of AxCore. It will also advance the development of AxLang, its Ethereum-compatible smart contracting language, to enable formal verification.

“Axoni has established itself as a market leader in enterprise blockchain, delivering solutions that can be used at scale across financial markets. We are pleased to work with them as they execute their strategy,” said Ashwin Gupta, managing director of Goldman Sachs.



Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.