Corporate-focused blockchain startup Axoni has attracted $31M through an equity funding round. Some of the investors include Deutsche Bank, the venture capital arm of Intel Capital and UBS, the company has reported.
Other investors that had previously invested in the company have also taken part in this funding round: Citi, Goldman Sachs, HSBC, JP Morgan, Nyca Partners and Wells Fargo.
Axoni develops software for banks and other financial institutions interested in implementing blockchain technology. The goal of the project is to optimize accounting systems for global capital markets.
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Axoni will use the funds raised to expand the company's networks across asset classes and regions.
Axoni raised $18M back in 2016 from Wells Fargo, Euclid Opportunities, Goldman Sachs, JP Morgan, Andreessen Horowitz and other investors. Later, Citibank, Goldman Sachs and Nyca Partners also invested in the company.