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
*********
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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
$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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $770,721
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series C - Axonify | Valuation | Ontario Scaleup Voucher Program |
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| Nov, 2016 | Amount | Series C - Axonify | Valuation | JMI Management | |
| Feb, 2014 | Amount | Series A - Axonify | Valuation | Accelerator Centre |
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| 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 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. 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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Private equity firm investing in software companies
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Founded Year | Domain | Location | |
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Startups are built and accelerated in a structured studio environment.
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Founded Year | Domain | Location | |
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Early-stage technology startups are supported through investments by MaRS IAF.
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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 Axonify
Axonify has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Nudge and mLevel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2013 | ||||
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Interactive learning games are created and delivered via SaaS platform.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Axonify
| 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 |
Axonify Comparisons
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. 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 |
Cloud-based enterprise knowledge management solutions are offered by Inkling.
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| domain | founded_year | HQ Location |
Online LMS platform is offered for multi-industry skill enhancement.
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| domain | founded_year | HQ Location |
A training platform is provided for frontline workers.
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| domain | founded_year | HQ Location |
AI-powered microlearning solutions are provided for employee training.
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| domain | founded_year | HQ Location |
Learning management platform for workforce training and retention is provided.
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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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Latest news on Axonify
Frequently Asked Questions about Axonify
When was Axonify founded?
Axonify was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Axonify located?
Axonify is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Is Axonify a funded company?
Axonify is a funded company, having raised a total of $28.14M across 5 funding rounds to date.
What does Axonify do?
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.
Who are the top competitors of Axonify?
Axonify's top competitors include Pathstream, Inkling and RapL.
What products or services does Axonify offer?
Axonify offers Learning, Communications, Task Management, and Max – Conversational AI.
How many acquisitions has Axonify made?
Who are Axonify's investors?
Axonify has 7 investors. Key investors include BDC, Ontario Scaleup Voucher Program, JMI Management, Accelerator Centre, and MaRS IAF.
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