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Axya secures $17 million CAD in a Series A funding round led by McRock Capital to enhance its AI-powered procurement platform and expand its market reach.

PRIVATESep 24, 2026

Amount Raised

C$17 Million

Round Type

Series A

MontrealManufacturingArtificial IntelligenceAutomotiveMachine Learning

Investors

Real VenturesBusiness Development Bank Of Canada (Bdc)Yamaha Motor VenturesMc Rock Capital

Description

Axya announced a $17 million CAD Series A funding round to enhance its AI capabilities and scale its team. The financing was led by McRock Capital with participation from Yamaha Motor Ventures and existing shareholders. This funding will support Axya's growth and expansion into new markets. The company aims to modernize procurement for complex manufacturers with its innovative platform.

Company Information

Company

Axya

Location

Montreal, Quebec, Canada

About

Axya is an AI-powered procurement platform that automates sourcing and purchasing for manufacturers. It helps complex manufacturers make their supply chains more predictable, cost-effective, and resilient by combining deep ERP integrations with AI-powered workflows. The company specializes in aerospace and defense, custom machinery and vehicles, and natural resources and processing sectors. Axya connects manufacturers with suppliers and integrates with leading ERP systems to streamline procurement processes.

Fundz sees it the moment Axya raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Axya's next move

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Axya raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, 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 FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.