Aug 3, 2016

M&A matchmaking service Axial nets $14M in venture capital Aug 3, 2016, 12:39pm EDT Industries & Tags Anthony Noto ReporterNew York Business Journal Share Anthony Noto ReporterNew York Business Journal Bizspace Spotlight Enlarge Pictured: Axial's New York team with founder and CEO, Peter Lehrman (top). New York-area startups and venture capitalists are making funding deals with the hopes of creating the next profitable company. Here's one deal announced Wednesday : Who gets: Axial , a search and matching service connecting middle-market CEOs with capital market professionals (M&A advisers, lenders and buyers). Enlarge Pictured: Axial's New York team with founder and CEO, Peter Lehrman (top). Amount raised:$14 million, in a Series C. To date, the company has raised a total of $33.5 million. Who invests: Edison Partners led the financing round, along with existing major investors Comcast Ventures, First Round and Redpoint Ventures What the CEO says:"Our true north is to dramatically transform how private companies access capital for growth or exit purposes," said Axial founder and CEO, Peter Lehrman in a prepared statement . "To do this, we must renovate the opaque, inefficient, and fragmented private capital markets, reconfiguring them to be in clear service to the CEO entrepreneur. This round of financing enables us to continue making big investments that will move the private capital markets towards that ideal state. " Company details: More than 11,000 firms currently use Axial to connect to M&A professionals. Over 6,000 of its users are CEOs looking to sell their business. According to the Manhattan-based company, over 650 deals get completed every year. This amounts to about $1 billion in transaction volume annually. Anthony Noto is a multimedia journalist focused on venture capital and Silicon Alley startups. Based in New York for the Business Journals, he previously was a reporter at SourceMedia and The Deal LLC. He is a graduate of Rutgers University. Bizspace Spotlight