Axonify Raises $27 Million For Employee Knowledge Platform

Axonify, maker of a SaaS employee knowledge platform, announced today that it has raised $27 million in growth equity funding to further expand of its business.

The round was led by JMI Equity and existing investor BDC Capital through the BDC IT Venture Fund.

Axonify’s all-in-one SaaS platform enables organizations to modernize corporate learning to achieve specific outcomes. By delivering information to employees in a way that is personalized and designed for long-term knowledge acquisition, “Axonified” organizations see measurable behavior change that gets bottom line results, the company says.

The Waterloo company’s micro-learning approach has enabled brands such as Walmart, Toyota, and Johnson & Johnson to ensure that their employees have the knowledge they need to be top performers in the workplace.

“We are absolutely thrilled to have JMI Equity join our investor group and to have the BDC IT Venture Fund affirm its confidence in our business by investing more,” said Carol Leaman, Axonify’s CEO.

Last month Axonify was selected as one of the Top 20 Gamification Companies for the third year in a row.

“JMI has a successful track record of supporting high-growth SaaS companies, and we are excited that they believe in the future of Axonify as much as we do,” Leaman added. “This growth round will allow us to accelerate our pace of customer acquisition, continue to raise our profile in the market, and extend our platform in ways that will blow away the competition.”

From 2008 to 2011, Leaman was the CEO of PostRank, a company she sold to Google after evolving its technology from a cool, free web tool, to a unique, customer-centric social media play.