When was Axe founded?

Axe was founded in 2023 and raised its 1st funding round 2 years after it was founded.

Where is Axe located?

Axe is headquartered in Dublin, Ireland.

How many employees does Axe have?

As of Jan 31, 2026, the latest employee count at Axe is 16.

Is Axe a funded company?

Axe is a funded company, having raised a total of €***** in its 1st and only funding round, a Seed round on May 10, 2025.

When was the latest funding round of Axe?

Axe's latest funding was a €***** Seed round on May 10, 2025, with participation from 4 investors. Its primary sector is Logistics Tech. In Ireland, the Logistics Tech sector has seen $51.7M in funding in 2026 to date.

Where does Axe rank among its competitors?

Axe ranks 160th amongst 1546 active competitors, of which 122 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Ripplr, which secured $32M in Nov, 2025.

Who are the top competitors of Axe?

Axe's top competitors include Ripplr, Turvo and Freight Tiger. Among them, Ripplr secured the most recent funding round in November, 2025.

Axe - 2026 Company Profile, Team, Funding & Competitors

Axe is a seed company based in Dublin (Ireland), founded in 2023 by James Mcelroy. It operates as a Provider of AI & SaaS-enabled automated purchasing workflow management solutions for businesses. Axe has raised $1.69M in funding from Pitchdrive. The company has 1546 active competitors, including 122 funded and 116 that have exited. Its top competitors include companies like Ripplr, Turvo and Freight Tiger.

Company Details

Provider of AI & SaaS-enabled automated purchasing workflow management solutions for businesses. The solution helps in controlling purchasing processes like approvals, invoice matching, custom supplier portal, real-time budgeting, and more.

Key Metrics

Founded Year

2023

Location

Dublin, Ireland

Stage

Seed

Total Funding

$1.69M in 1 round

Latest Funding Round

Seed, May 10, 2025, €*****

Investors

Pitchdrive & 3 more

Ranked

160^th among 1546 active competitors

Employee Count

16 as on Jan 31, 2026

Similar Companies

Ripplr & 466 more

View Axe's full profile

Axe has raised a total funding of $1.69M over 1 round. Its latest funding round was a Seed round on May 10, 2025 for €*****. 4 investors participated in its latest round. Axe has 3 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Axe:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 10, 2025	4257756	Seed	8340407	9797280	7701883	9064562

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View details of Axe's funding rounds and investors

The founders of Axe is James Mcelroy.

Here are the details of Axe's key team members:

James Mcelroy: Founder of Axe and founder of 1 other company.

View details of Axe's Founder profiles and Board Members

Axe's employee count trend

Axe has 16 employees as of Jan 26. Here is Axe's employee count trend over the years:

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Top competitors of Axe include Ripplr, Turvo and Freight Tiger. Here is the list of Top 10 competitors of Axe, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ripplr 2019, Bengaluru (India), Series C	Provider of distribution and logistics services for multiple industry verticals	$123M	Sojitz, 3one4 Capital & 44 others	72/100
2nd	Turvo 2014, San Mateo (United States), Acquired	Provider of a cloud and AI-based collaborative logistics platform	$85M	Activant Capital, Mubadala & 12 others	71/100
3rd	Freight Tiger 2014, Mumbai (India), Series C	Provider of a digital freight network and transportation management system	$57.7M	Tata Motors, Lightspeed & 53 others	69/100
4th	enVista 2002, Carmel (United States), Acquired	Provider of supply chain, automation, robotics, and enterprise technology solutions	$27.9M	Accela, Egan-Managed Capital & 2 others	64/100
5th	Optimal Dynamics 2014, New York City (United States), Series C	Developer of a decision automation platform for the truckload industry	$94.8M	Activate Capital, Standard Industries & 10 others	64/100
6th	Alvys 2020, Solana Beach (United States), Series B	Developer of transportation management system software for logistics operations	$77M	RTP Global, Bonfire Ventures & 3 others	63/100
7th	RoseRocket 2015, Toronto (Canada), Series B	Provider of cloud-based transportation management system	$69M	Scale Venture Partners, Funders-club.com ... & 12 others	62/100
8th	McLeod Software 1985, Birmingham (United States), Unfunded	Provider of transportation management software solutions for carriers, brokers, 3PL providers, and shippers	-	-	61/100
9th	Traqo 2022, Gurugram (India), Seed	Offers cloud-enabled end-to-end supply chain and logistcis transportation management solutions	$909K	We Founder Circle, Kahu & 5 others	61/100
10th	Shipwell 2016, Austin (United States), Series B	AI-powered TMS platform unifying supply chains for efficiency and visibility	$47.1M	Fifth Wall, Georgian & 9 others	61/100
160th	Axe 2023, Dublin (Ireland), Seed	Provider of AI & SaaS-enabled automated purchasing workflow management solutions for businesses	$1.69M	Pitchdrive, Enterprise Ireland & 2 others	35/100