Wells Fargo, ICAP Lead $18 Million Series A for Blockchain Startup Axoni

New York-based blockchain startup Axoni has raised $18m in a new funding.

AccessTimeIconDec 22, 2016 at 2:45 p.m. UTC
Updated Sep 11, 2021 at 12:49 p.m. UTC

New York-based blockchain startup Axoni has raised $18m in a new funding.

The Series A round was led by Wells Fargo and Euclid Opportunities, a fintech investment firm owned by financial services company ICAP. Goldman Sachs, JP Morgan, Thomson Reuters, Andreessen Horowitz, Digital Currency Group, FinTech Collective and F-Prime Capital Partners also took part in the round.

Axoni is one of a number of startups in the blockchain and distributed ledger space seeking to provide services to major financial firms. In the past few months, the startup has tested smart contract and data management applications – work that the funding round indicates will continue. Many of the firms backing the startup – which said it has raised more than $20m to date – have also pursued use cases of their own.

“We are delighted to support Axoni in the next phase of their development,” C. Thomas Richardson, who leads Wells Fargo Securities’ Market Structure and Electronic Trading Services unit, said in a statement.

The round is the latest development in a flurry of venture activity in the space in recent weeks.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Axoni.

Image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.