About Hey Axel
Hey Axel is a company based in Paris (France) founded in 2018 was acquired by LumApps in February 2022.. Hey Axel has raised $1.21 million across 1 funding round from investors including LumApps, Techstars and BACS-Innov. Hey Axel operates in a competitive market with competitors including Atomicwork, Leena AI, atSpoke, Cascade and Espressive, among others.
- Headquarter Paris, France
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of Hey Axel
Hey Axel has successfully raised a total of $1.21M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.21 million completed in January 2021. 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(27 Jan 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Seed - Hey Axel | Valuation | BACS-Innov , Techstars |
| 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 Hey Axel
Hey Axel has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include LumApps, Techstars and BACS-Innov. 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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Venture capital investments are offered by BACS-Innov to startups.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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OV
Olivier Verdin |
Co-founder of Kolors, active angel investor in Indian startups
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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 Hey Axel
| 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 - Hey Axel
| 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 |
Hey Axel Comparisons
Competitors of Hey Axel
Hey Axel 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 Atomicwork, Leena AI, atSpoke, Cascade and Espressive, 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 |
AI platform streamlines IT service management and employee experiences.
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| domain | founded_year | HQ Location |
Provider of a cloud-based platform for employee engagement
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| domain | founded_year | HQ Location |
AI-based chatbot for employee engagement
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| domain | founded_year | HQ Location |
Cascade is focused on asset-based finance solutions and analytics.
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| domain | founded_year | HQ Location |
AI-based chatbot is provided for virtual employee assistance.
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| domain | founded_year | HQ Location |
An AI chatbot is deployed to answer employees' recurring questions.
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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 Hey Axel
Frequently Asked Questions about Hey Axel
When was Hey Axel founded?
Hey Axel was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Hey Axel located?
Hey Axel is headquartered in Paris, France.
Is Hey Axel a funded company?
Hey Axel is a funded company, having raised a total of $1.21M across 1 funding round to date. The company's 1st funding round was a Seed of $1.21M, raised on Jan 27, 2021.
What does Hey Axel do?
Hey Axel was founded in 2018 in Paris, France, and operates within the HR technology sector. An employee onboarding management solution is offered through a subscription model. Managers are guided through onboarding process steps via the platform, while AI is utilized to handle tasks and communicate with new hires. The service supports streamlined integration for organizations across various sizes.
Who are the top competitors of Hey Axel?
Hey Axel's top competitors include Atomicwork, Leena AI and atSpoke.
Who are Hey Axel's investors?
Hey Axel has 4 investors. Key investors include LumApps, Techstars, BACS-Innov, and Olivier Verdin.
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