Series A · Enterprise software
Axya secures C$17m for manufacturing procurement software
The Series A package comprises C$12m in equity led by McRock Capital and C$5m in venture debt from CIBC Innovation Banking.
BDC’s Industrial Innovation Venture Fund, Yamaha Motor Ventures and Real Ventures also participated in the equity financing.
Axya connects manufacturers’ purchasing workflows with their ERP systems, turning supplier responses into updates to orders, prices and delivery dates. The Montreal company plans to expand its AI procurement tools and commercial reach.
Use of funds
Develop procurement AI and ERP integrations
Hire engineering, sales and customer success staff
Expand across North America and internationally
Funding history
Series A · This roundCA$17M