Framework Venture Partners
Assembly Line
Maxa secures Series A funding led by Framework and BDC Capital
Montréal-based startup Maxa has raised $28.7 million CAD ($21 million USD) in Series A funding for its data automation and analytics platform for enterprise resource planning (ERP). The all-equity round was co-led by Framework Venture Partners and BDC Capital’s Industrial Innovation Venture Fund, with participation from third-time return backers AQC Capital and Graphite Ventures. The round also saw participation from new investors Snowflake Ventures, Amiral Ventures, and NAventures, the venture arm of National Bank of Canada.
Maxa said the new funding will fuel its product development, go-to-market, and customer self-serve capabilities. Alexis Steinman told BetaKit that Maxa had raised around $5 million prior to this round, and that Framework partner Jim Texier and a representative from BDC Capital gained seats on Maxa’s board of directors as a result of the round.
PAXAFE Raises $9M Series A to Transform AI-Powered, Autonomous Cold Chain Logistics
PAXAFE, the company delivering AI-powered decision support for cold chain logistics, has announced a $9M Series A funding round led by Framework Venture Partners, with new participation from M12 (Microsoft’s Venture Fund), Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels, Mana Ventures and existing participants Ubiquity Ventures and Venture53. This new round brings the total funding raised to date to $14M; the capital will be used to meet increasing customer demand, fuel product innovation and expand global operations and key partner ecosystems.
PAXAFE transforms quality, transportation, and logistics operations for high-profile pharmaceutical and produce manufacturers, and cold chain service providers like Carrier, Transposafe and Hive-Zox. The company’s SaaS platform, CONTXT, quantifies strategic & operational risk, proactively predicts adverse events and recommends requisite actions to ensure perishable goods are delivered on time and in expected conditions. CONTXT helps end-users make complex, data-driven decisions in minutes, without requiring a significant financial investment in consultative support.