Relay Ventures leads $14 mln funding of logistics enabler Axios
Axios Mobile Assets Corp, a Canadian smart supply chain logistics provider, has secured $14 million in a financing led by Canadian mobile venture capital firm Relay Ventures. As a result, Relay Managing Partner John Albright will join the company's board of directors. Based in Mississauga, Ontario, Axios has developed a pallet-based logistics system used in the perishable food category. It said it will use the proceeds of the investment to meet demand for its system from food producers in the United States. Concurrent with its financing, Axios said it has wrapped up the acquisition of Axsense Inc, a Canadian provider of sensors technology that Axios believes will enhance its pallet system.
22 December 2015•6 mins read
