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Axial Market Raises $6.5M Series A

2012-05-22
NEW YORK, NY, AxialMarket raised a $6.5 million Series A round led by Redpoint Ventures. AxialMarket deploys a disruptive technology on its platform to help private companies manage and execute mergers and other financial transactions.
AxialMarket raised a $6.5 million Series A round led by Redpoint Ventures. AxialMarket deploys a disruptive technology on its platform to help private companies manage and execute mergers and other financial transactions. Redpoint Ventures led the round, and was joined by family office Cove Point Holdings and return backers First Round Capital and Windcrest Partners.

The Forefront Law Group, which advised on the transaction, was founded by Cravath, Swaine & Moore alumnus Jason Gabbard, along with Don Carlson, who formerly held senior positions at Goldman Sachs and Axiom. The firm focuses on small and medium size enterprises, as well as the institutions that finance and advise them. Forefront is truly a unique firm. Gabbard notes "Our clients love our innovative approach to pricing, and the inversion of BigLaw's staffing model. We staff deals and matters with seasoned attorneys who actually do the work, dispensing with the hordes of inefficient associates and the costs of training them."

Gabbard and Carlson are also active angel investors.

AxialMarket was founded in 2010 by Peter Lehrman, who had worked in private equity with SFW Capital Partners and was part of the founding team at Gerson Lehrman Group.
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