Family office acquires, relaunches Axios Mobile Assets
U.S. family office Leonite Capital said it acquired the assets of Axios Mobile Assets Corp in a receivership sale late last year. No financial terms were disclosed. Axios, a Mississauga, Ontario-based smart supply chain logistics provider, entered receivership in early 2017. Leonite CIO Avi Geller, Axios' executive chairman, said his firm is bringing a "new and improved" company, restructured into three new operating groups, "back to the market." Axios was formerly backed by Canadian venture capital firm Relay Ventures and other investors. Relay led the company's $14 million financing in 2015.
16 April 2018•4 mins read
