Axial capitalises on Comcast backing to raise $14m

Aug 8, 2016 • Robert Lavine

Online capital market operator Axial took its overall funding to $33.5m since 2010 as Comcast Ventures made its second investment in the company.

Comcast Ventures, the corporate venturing arm of mass media company Comcast, has participated in a $14m series C round for Axial, the US-based operator of an online capital market.

Growth equity firm Edison Partners led the round, which included venture capital firms First Round and Redpoint Ventures.

Founded in 2010, Axial has built an online network where middle-market chief executives can utilise dynamic search and matching technology to find M&A advisors, lenders and buyers who can provide them with financing.

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