NEW YORK, March 7, 2013 /PRNewswire/ -- Axial, the network where private companies connect with capital, today announced its one millionth Member to Member connection.
"This milestone is more than just a metric," explained Peter Lehrman, the company's CEO. "It demonstrates that we are transforming how private companies connect with capital, advice, and opportunity. We are excited to bring the power of the Axial network to many more professionals and companies in the coming years." Over 250 connections per hour are now occurring on the Axial network. Twenty to forty deals close monthly as a result of these connections, with one third of Axial Members signing an LOI or closing a transaction every year.
Axial's one millionth Member connection milestone coincides with the company's decision to change its name from AxialMarket to Axial. "Rather than a marketplace, we've developed a platform that helps our Members source relevant opportunities and form smarter relationships built upon intelligent trusted connections," said Lehrman. "Our decision to change our company name reveals our commitment towards developing the preeminent global network where private companies connect with capital."
To learn more about Axial or to request an invitation, visit www.axial.net
Axial is an online network for qualified professionals operating, advising, financing or acquiring private companies. Professionals join Axial to expand their network, source opportunities and gain access to capital, advice and relationships that help them and their organizations succeed. Axial was founded in 2010 and its investors include Redpoint Ventures and First Round Capital. To learn more or to request an invitation, visit www.axial.net.
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