About Abaxx Technology
Abaxx Technology is a company based in Stuttgart (Germany) founded in 1998 was acquired by Crealogix in August 2011.. Abaxx Technology has raised $26.05 million across 2 funding rounds from investors including General Atlantic, 3i Group and CREALOGIX. Abaxx Technology operates in a competitive market with competitors including ION Group, nCino, Ohpen, Backbase and Nymbus, among others.
- Headquarter Stuttgart, Germany
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.05 M (USD)
in 2 rounds
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Latest Funding Round
$4.52 M (USD), Series B
Mar 09, 2006
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Investors
General Atlantic
& 5 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Abaxx Technology
Abaxx Technology has successfully raised a total of $26.05M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $4.52 million completed in March 2006. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $4.5M
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First Round
First Round
(11 May 2000)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2006 | Amount | Series B - Abaxx Technology | Valuation |
investors |
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| May, 2000 | Amount | Series B - Abaxx Technology | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abaxx Technology
Abaxx Technology has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include General Atlantic, 3i Group and CREALOGIX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Private equity firm focused on mid-market businesses
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Founded Year | Domain | Location | |
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Earlybird is recognized as a venture capital investor focused on early-stage tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abaxx Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abaxx Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abaxx Technology Comparisons
Competitors of Abaxx Technology
Abaxx Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ION Group, nCino, Ohpen, Backbase and Nymbus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Treasury management solutions are provided for financial institutions and banks.
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| domain | founded_year | HQ Location |
Cloud-based API platform for banking operations is provided.
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| domain | founded_year | HQ Location |
Developer of cloud-based core banking platform for retail mutual funds and savings accounts
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| domain | founded_year | HQ Location |
AI-powered banking platforms are provided for operational growth.
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| domain | founded_year | HQ Location |
Cloud-based core banking solutions are offered to financial institutions.
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| domain | founded_year | HQ Location |
Cloud-native API-first core banking platform is provided for banks.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Abaxx Technology
When was Abaxx Technology founded?
Abaxx Technology was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is Abaxx Technology located?
Abaxx Technology is headquartered in Stuttgart, Germany. It is registered at Stuttgart, Baden-wurttemberg, Germany.
Is Abaxx Technology a funded company?
Abaxx Technology is a funded company, having raised a total of $26.05M across 2 funding rounds to date. The company's 1st funding round was a Series B of $21.53M, raised on May 11, 2000.
What does Abaxx Technology do?
Abaxx Technology was founded in 1998 in Stuttgart, Germany, and operates in the financial technology sector. Solutions for process management are provided to banks and financial services firms, enabling the monitoring and automation of customer-oriented online processes. Infrastructure support is also extended to commodity exchanges and digital marketplaces, facilitating efficient operations in these areas.
Who are the top competitors of Abaxx Technology?
Abaxx Technology's top competitors include nCino, Thought Machine and Tuum.
Who are Abaxx Technology's investors?
Abaxx Technology has 6 investors. Key investors include General Atlantic, 3i Group, CREALOGIX, OpenText, and BayTech Venture Capital.