Maxa
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.