Axel Technologies
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Axel Technologies - overview
Established
2000
Location
Turku, -, Finland
Primary Industry
Software
About
Axel Technologies is a Finnish company specializing in premium domain acquisition and transfer services, tailored for businesses and entrepreneurs aiming to build a distinctive online identity. Founded in 2000 in Turku, Finland, Axel Technologies focuses on domain services, particularly premium domain names like axel. fi. The company experienced a pivotal shift in 2016 when Finnish Industry Investment Ltd sold its stake to management.
The CEO, Clay L. , leads the company, which has successfully completed 2 significant deals, with the most recent funding round taking place in January 2016, raising EUR 2. 4 mn from Nexit Ventures and Tesi. Axel Technologies specializes in domain acquisition and transfer services, focusing on premium domain names.
Their streamlined process aids clients from inquiries to final transfers, serving startups, SMEs, and digital marketers primarily across North America and Europe. In 2021, Axel Technologies reported a revenue of EUR 0, with an EBITDA of EUR -15,346. The company generates income via direct domain sales and transfer services, structured as per-domain transactions, with customers paying one-time fees for domain acquisitions and potential annual renewal fees. While specific upcoming products are not detailed, Axel Technologies plans to leverage funds from its latest EUR 2.
4 mn round to enhance its service offerings and expand into new markets. The company is looking to broaden its reach, particularly targeting new geographic regions, although specific locations and timelines for this expansion have not been disclosed.
Primary Industry
Software
Sub Industries
Music & Video Streaming Software
Website
www.axel.fi
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
Axel Technologies - timeline of key events
Axel Technologies - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 103,869.1 | 89,512.2 | 164,727 | 199,308.5 | 410,526.6 | 547,204.6 | 421,426.9 | 365,789.5 | 329,168 | - | - | - |
| % Revenue Growth (YoY) | - | (13.8%) | 84.0% | 21.0% | 106.0% | 33.3% | (23.0%) | (13.2%) | (10.0%) | - | - | - |
| EBITDA (USD) | (1,749,976.1) | (1,853,973.5) | (589,176.1) | (776,249) | (638,441) | (858,742.6) | (1,059,258.7) | (795,714.8) | (900,937.9) | - | - | - |
| Operating Income (USD) | (1,797,661.2) | (1,884,523.5) | (691,640) | (876,896.9) | (738,883.2) | (959,074.3) | (1,159,507.5) | (795,805.1) | (995,171.2) | - | - | - |
| Operating Margin | (1730.7%) | (2105.3%) | (419.9%) | (440.0%) | (180.0%) | (175.3%) | (275.1%) | (217.6%) | (302.3%) | - | - | - |
| % EBITDA Margin | (1684.8%) | (2071.2%) | (357.7%) | (389.5%) | (155.5%) | (156.9%) | (251.4%) | (217.5%) | (273.7%) | - | - | - |
| NET Income (USD) | (1,800,169.7) | (1,902,685.2) | (802,975.3) | (54,913.8) | (707,163.7) | (971,582.1) | (1,170,490.7) | (799,014.9) | (1,096,131.1) | - | - | - |
| % Net Margin | (1733.1%) | (2125.6%) | (487.5%) | (27.6%) | (172.3%) | (177.6%) | (277.7%) | (218.4%) | (333.0%) | - | - | - |
Axel Technologies - employee data
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