Axoni receives $32 million in funding led by Goldman Sachs and Nyca Partners

Axoni, a provider of enterprise blockchain technology, announced today the completion of a $32 million Series B financing round led by Goldman Sachs and Nyca Partners, bringing Axoni’s total funding to date above $55 million.

The financing round also included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Since its founding in 2013, Axoni has established itself as a leader in blockchain technology through successful partnerships with top investment banks, asset managers, and market infrastructure companies.

Axoni’s AxCore technology has been deployed across a variety of markets ranging from complex derivatives to high-volume foreign exchange. Notably, it has earned the role as the industry’s choice to re-platform the system underpinning the legal records, lifecycle events, and cash flow calculations for the $11 trillion credit derivatives market.

Axoni will use the latest round of financing to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore, and broaden the network of enterprises leveraging distributed ledgers. It will also advance the development of AxLang, the world’s first Ethereum-compatible smart contracting language to enable formal verification.

NEX co-led Axoni’s Series A in December 2016. The investment was made by NEX Group’s fintech investment business, NEX Opportunities.