Financial Analysis

Funding

Founded in 2011, Axonify has since funded $35.4 million. In 2013, Harmony Partners invested $3 million. In 2016, BDC Venture Capital and JMI Equity invested $27 million. In 2020, Government of Canada invested $5.4 million.

Valuation

After Axonify acquired mLevel, Luminate Capital Partners valued Axonify at $248 million.

Note: "Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model" (CB Insights).

Acquisitions

In 2021, Axonify acquired mLevel for $9.8M. mLevel is an eLearning platform " to help companies build interactive games to improve engagement and retention through employee training programs" (Hypepotamus). In 2022, Axonify acquired Nudge "to Enhance Frontline Training and Communication Capabilities" (Retail Touchpoints). Nudge is an employee reward startup that enables Axonify to offer additional incentives to learning (Mandel, Betakit). The financial details "were not disclosed" (Retail Touchpoints).