Amount Raised
$126 Million
Round Type
Venture
New YorkFinancial ServicesSoftwareFintechDescription
Denim, the fintech platform for freight and logistics formerly known as Axle Payments, today announced that it raised $126 million in a Series B funding round led by Pelion Venture Partners with participation from Crosslink Capital, Anthemis, Trucks VC, FJ Labs, Tribeca Early Stage Partners and Refashiond Ventures at a “nine-figure” valuation. CEO and co-founder Bharath Krishnamoorthy tells TechCrunch that the new cash, a combination of equity ($26 million) and debt ($100 million), will be put toward scaling the business and providing Denim’s customers with working capital.
Quick answer
Denim raised $126 Million in a funding round, dated September 15, 2022. Denim is based in New York, New York, United States.
- How much did Denim raise?
- Denim raised $126 Million in a funding round on September 15, 2022.
- What does Denim do?
- Denim is a financial enablement platform for the logistics industry that offers an ecosystem of intelligent financial products, operations tools, and time-saving automation.
- Where is Denim based and how big is it?
- Denim is based in New York, New York, United States.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Denim that raised within 45 days of this round, from Fundz verified event records.
- Reap Technologies Holdings Limited raised $40M (Series A) on October 27, 2022.
- Regional Management raised $200M (Funding Round) on October 20, 2022.
- Hello Divorce, Inc. raised $3.3M (Seed) on October 19, 2022.
- Hello Divorce, Inc. raised $3.3M (Seed) on September 30, 2022.
- VeriFast raised $3.5M (Seed) on September 28, 2022.
- Signzy raised $26M (Funding Round) on September 26, 2022.
Who to call at Denim, and when
A new round usually means Denim is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Denim raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Denim, from your own LinkedIn network
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Fundz sees it the moment Denim raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Denim 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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