Axle announced $9 million in funding on November 12 as it reported banks replacing older systems with its software for arranging investor meetings. Eniac and Bonfire Ventures led the round, with Teamworthy Ventures also investing.
The New York company helps banks run corporate access, connecting institutional investors with executives, analysts and industry experts. Those meetings help banks win trading business, Axios reported. Sales teams and coordinators share a calendar, while investors use a portal to request meetings and check schedules.
One major bank replaced three providers after expanding Axle beyond its initial deployment earlier in 2026, co-founder and CEO Sam Shapiro wrote in the announcement. The expansion happened within months, he said. Axle did not name the bank.
The new financing is six times the $1.5 million pre-seed round Axle announced in January 2024. That round was led by Jackson Gates, founder of Manresa Ventures, and included backing from some early customers. Shapiro previously worked in corporate access at Goldman Sachs.
Axle plans to expand its AI agents and develop tools that help banks measure the value of investor access. Its Avery assistant can suggest meeting schedules based on client priorities and holdings and prepare client activity reports, according to its product page. Staff review and approve its work before anything is sent.