New York-based Axle has raised US$9 million in a funding round led by Eniac and Bonfire Ventures, with participation from Teamworthy Ventures. The company develops software that helps investment banks connect institutional investors with public companies. Its platform brings the planning and coordination of these meetings and events into one system.
Modernizing corporate access
Investment banks use corporate access teams to arrange conferences, roadshows, and meetings with company executives. These teams also connect investors with research analysts and industry experts. Axle aims to replace the spreadsheets and separate software systems commonly used to coordinate these activities.
Growing adoption among banks
Axle reports that more than a dozen sell-side firms use its platform, including three of North America's largest banks. Its software supports thousands of investor events annually. These events connect public companies with institutional investors managing trillions of dollars in assets.
AI-powered event management
The platform combines event registration, scheduling, client information, communications, and reporting. Its AI tools help banks identify relevant investors and arrange meetings based on availability, preferences, and scheduling requirements. Institutional investors can also use a centralized portal to discover events and submit meeting requests.
Some customers are expanding Axle across their corporate access, sales, research, events, and capital markets teams. According to the company, these deployments are replacing two to three older systems in some cases. Axle also integrates with banks' existing customer relationship management systems to consolidate investor profiles and engagement records.