Axela Technologies obtains additional financing; Expands

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MIAMI, Jan. 18, 2022 (GLOBE NEWSWIRE) — Axela Technologies, the nation’s leading provider of collection solutions for the community association industry, announced an additional growth capital investment from Blueprint Equity. Blueprint also led the company’s Series A in 2021.

“Doing Axela was a no-brainer,” said Sheldon Lewis, managing partner of Blueprint Equity. “Since our initial investment a year ago, it has become clear that Axela provides an irreplaceable solution to a widespread problem faced by property managers across the country. Its growth, along with the exceptional level of customer satisfaction achieved, clearly show that Axela is on its way to becoming the industry standard.”

Axela deploys a user-friendly, digital-first approach to collections, replacing the need to take legal action, which can be far more costly and consequential for the consumer, and expensive and time-consuming for the community association. The company will use the funds to continue to develop its core collections software product, which is aimed at community associations, and to support its planned rental and multi-family space initiatives. Axela is actively recruiting in all departments.

The company also announced that Tom Kiernan has joined its board of directors as an independent director. Tom is founder and former CEO of ClickPay, the leading real estate payment processing company, which was acquired by RealPage in 2018. He brings extensive experience in scaling innovative technologies in the PropTech industry.

“Axela streamlines and automates what has long been a time-consuming and expensive process,” said Tom Kiernan. “It’s reminiscent of what we saw in payments a decade ago, when online rent and assessment payments started to replace manual checks. It’s just a matter of time before the entire industry adopts this vastly superior model pioneered by Axela.”

“Our Series A expansion is a testament to the innovative solutions we are building for the real estate industry,” added Martin Urruela, Founder and CEO of Axela. “In addition to Blueprint’s investment, we are delighted to welcome Tom to our Board of Directors. Axela is well positioned to continue to expand our footprint and improve the products and services we offer to our customers. “

For more information, visit the Axela website at www.axela-tech.com

Contact:

MARKETING + COMMUNICATIONS
Luis A. Gonzales | [email protected]
305.343.9897

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