Fundz

Axio Raises $23 Million Series B Investment Round Led By Istari

PRIVATEAug 04, 2022

Amount Raised

$23 Million

Round Type

Series B

BengaluruFinanceFintech

Description

Axio, the SaaS leader in cyber risk quantification solutions, today announced the raise of a $23 million Series B investment round. The round is led by ISTARI, a Temasek-founded global cybersecurity firm dedicated to helping clients build cyber resilience, with additional participation from existing investors, including Distributed Ventures, IA Capital Group, and Bob Dudley, Axio Chairman and former CEO of BP. This round brings Axio’s total funding to $30 million, including a $4.5 million Series A round closed in 2018.

Quick answer

axio raised $23 Million in a Series B round, dated August 4, 2022. axio is based in Bengaluru, Karnataka, India.

How much did axio raise?
axio raised $23 Million in a Series B round on August 4, 2022.
What does axio do?
axio, formerly Capital Float, is a consumer finance company offering pay later, credit and personal finance management under one seamless brand experience.
Where is axio based and how big is it?
axio is based in Bengaluru, Karnataka, India.
Who are the decision-makers at axio?
Fundz holds 1 contact at axio. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Finance and Fintech around the same time

Companies in the same sectors as axio that raised within 45 days of this round, from Fundz verified event records.

  • PayAll raised $10M (Seed) on September 15, 2022.
  • Fazz raised $100M (Series C) on September 14, 2022.
  • Nakamoto raised $250K on September 14, 2022.
  • Eightco Holdings raised $28M on September 14, 2022.
  • Neem raised $2.5M (Seed) on September 13, 2022.
  • PortX raised $18M (Series A) on September 13, 2022.

Who to call at axio, and when

A new round usually means axio is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day axio raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at axio, from your own LinkedIn network

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Company Information

Company

axio

Location

Bengaluru, Karnataka, India

About

axio, formerly Capital Float, is a consumer finance company offering pay later, credit and personal finance management under one seamless brand experience. On a mission to make credit worthy for all, axio leverages technology to deliver innovative financial products to millions of individuals across the country, including vast sections of traditionally under-served consumers.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

axio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.