About Axonify
Axonify is a company based in Waterloo (Canada) founded in 2011 was acquired by Luminate Capital Partners in April 2021. Axonify has raised $28.14 million across 5 funding rounds from investors including BDC, Ontario Scaleup Voucher Program and JMI Management. Axonify has completed 2 acquisitions, including Nudge and mLevel. Axonify offers products and services including Learning, Communications, Task Management, and Max – Conversational AI. Axonify operates in a competitive market with competitors including Inkling, Pathstream, Opus, RapL and Mentore, among others.
- Headquarter Waterloo, Canada
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$28.14 M (USD)
in 5 rounds
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Latest Funding Round
$770.72 K (USD), Series C
Oct 09, 2018
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Investors
BDC
& 6 more
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Employee Count
Not available
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Investments & Acquisitions
Nudge
& 1 more
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Acquired by
Luminate Capital Partners
(Apr 20, 2021)
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Products & Services of Axonify
Axonify offers a comprehensive portfolio of products and services, including Learning, Communications, Task Management, and Max – Conversational AI.
AI-driven tool for knowledge retention and skill gap closure
Facilitates two-way feedback for staff connection and updates
Guides daily tasks to apply training in real-time workflows
Provides interactive AI support for learning and queries
People of Axonify
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Software Development Team
25 people
Leadership Team
23 people
Senior Team
21 people
Sales and Marketing
7 people
Finance and Accounting
5 people
Human Resources and Administration
5 people
Account Team
4 people
Product Management Team
3 people
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Funding Insights of Axonify
Axonify has successfully raised a total of $28.14M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $770.72 thousand completed in October 2018. 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.
Investors in Axonify
Axonify has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include BDC, Ontario Scaleup Voucher Program and JMI Management.
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Private equity firm investing in software companies
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Startups are built and accelerated in a structured studio environment.
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Early-stage technology startups are supported through investments by MaRS IAF.
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Investor details for Axonify
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Investments & Acquisitions by Axonify
Axonify has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Nudge and mLevel.
Investment portfolio details for Axonify
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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An online platform is operated for employee engagement and insights.
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Interactive learning games are created and delivered via SaaS platform.
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Complete acquisition details for Axonify
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Financial Statements - Axonify
Detailed financials for Axonify
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- Profit trends
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Axonify Comparisons
Peer comparison for Axonify
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Competitors of Axonify
Axonify 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 Inkling, Pathstream, Opus, RapL and Mentore, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based enterprise knowledge management solutions are offered by Inkling.
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Online LMS platform is offered for multi-industry skill enhancement.
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A training platform is provided for frontline workers.
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AI-powered microlearning solutions are provided for employee training.
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Learning management platform for workforce training and retention is provided.
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Detailed competitors of Axonify
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Latest news on Axonify
Complete news archive for Axonify
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Frequently Asked Questions about Axonify
Axonify was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Axonify is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Axonify is a funded company, having raised a total of $28.14M across 5 funding rounds to date.
Axonify was founded in 2011 and is based in Waterloo, Canada. The company operates in the corporate training sector, offering a microlearning platform that enables the creation and distribution of employee development programs. Brain science principles, adaptive learning methods, and gamification elements are integrated into the platform. Data on individual employee knowledge levels and overall learning outcomes are generated for clients, which include organizations such as Walmart and Ethicon.
Axonify's top competitors include Pathstream, Inkling and RapL.
Axonify offers Learning, Communications, Task Management, and Max – Conversational AI.
Axonify has 7 investors. Key investors include BDC, Ontario Scaleup Voucher Program, JMI Management, Accelerator Centre, and MaRS IAF.