Congratulations to portfolio company Axoni, which has raised an additional $31m from German Bank Deutsche Bank, Intel Capital, Swiss bank UBS and existing investors including Citi, Goldman Sachs, JPMorgan, Wells Fargo and others. The investment, a Series B add-on, from the round initially announced in August 2018, brings the total amount invested in the firm to $90m.
“There's a huge amount of risk out there that doesn't need to exist just for people not understanding what is going on with their trading data,” says Schvey, 34. “And so we can introduce a tremendous amount of efficiency, both on the cost and risk side from the work that we're doing.”