About Axuall
Axuall is a company based in Cleveland (United States) founded in 2018 by Charlie Lougheed.. Axuall has raised $40.4 million across 4 funding rounds from investors including University Hospitals, MedStar Health and Hartford HealthCare. The company has 87 employees as of December 31, 2023. Axuall operates in a competitive market with competitors including Medallion, andros, Verifiable, Silversheet and MedTrainer, among others.
- Headquarter Cleveland, United States
- Employees 87 as on 31 Dec, 2023
- Founders Charlie Lougheed
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Axuall, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.4 M (USD)
in 4 rounds
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Latest Funding Round
$7 M (USD), Series B
Jul 11, 2023
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Investors
University Hospitals
& 16 more
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Employee Count
87
as on Dec 31, 2023
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Funding Insights of Axuall
Axuall has successfully raised a total of $40.4M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in July 2023. 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 4
- Last Round Series B — $7.0M
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First Round
First Round
(25 Sep 2019)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series B - Axuall | Valuation |
investors |
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| May, 2023 | Amount | Series B - Axuall | Valuation | Noro-Moseley Partners | |
| Jul, 2021 | Amount | Series A - Axuall | Valuation | Flare Capital Partners |
| 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 Axuall
Axuall has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include University Hospitals, MedStar Health and Hartford HealthCare. 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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Healthcare sector investments are primarily managed by Frist Cressey Ventures.
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Founded Year | Domain | Location | |
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Tech and Life Sciences focused VC firm investing in the US
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by this venture capital firm.
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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 Axuall
| 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 - Axuall
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axuall Comparisons
Competitors of Axuall
Axuall 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 Medallion, andros, Verifiable, Silversheet and MedTrainer, 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 licensing and credentialing are managed for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare information management services are provided by Andros.
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| domain | founded_year | HQ Location |
Cloud based credentials verification and monitoring software for healthcare providers
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| domain | founded_year | HQ Location |
Physician credentialing solutions are provided to healthcare organizations.
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| domain | founded_year | HQ Location |
Cloud-based tools for credentialing, learning, and compliance management are 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 Axuall
Frequently Asked Questions about Axuall
When was Axuall founded?
Axuall was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Axuall located?
Axuall is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Who is the current CEO of Axuall?
Charlie Lougheed is the current CEO of Axuall. They have also founded this company.
Is Axuall a funded company?
Axuall is a funded company, having raised a total of $40.4M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10.4M, raised on Sep 25, 2019.
How many employees does Axuall have?
As of Dec 31, 2023, the latest employee count at Axuall is 87.
What does Axuall do?
Axuall was founded in 2018 and is headquartered in Cleveland, United States. Operations center on a global identity network within the healthcare sector, where verified credentials are issued, collected, and managed by individuals from authorized sources. These credentials can then be shared securely with employers. The platform supports identity verification processes for providers across various geographies.
Who are the top competitors of Axuall?
Axuall's top competitors include Medallion, andros and Verifiable.
Who are Axuall's investors?
Axuall has 17 investors. Key investors include University Hospitals, MedStar Health, Hartford HealthCare, Frist Cressey Ventures, and Noro-Moseley Partners.
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