Axya Inc.

Axya is a procurement software provider that enhances the procurement process through intelligent automation and centralized communication, fostering collaboration among procurement teams and suppliers across various industries. Founded in 2019 in Montreal, Canada, Axya specializes in procurement software solutions aimed at optimizing procurement processes. The company was co-founded by Fruédérik Plourde, Félix Dockrill, Karim Besbes, and Tincho Pastorino, with Félix Dockrill currently serving as CEO. Axya has secured a total of USD 3.

9 mn in funding, primarily through a SEED round led by the Business Development Bank of Canada on February 9, 2022, with participation from Ecofuel and Real Ventures. The firm has engaged in 2 total deals to date. Axya provides a comprehensive procurement software solution designed to streamline and enhance the procurement process. Its core offerings include the unification of purchase order and request for quotation (RFQ) data into a centralized dashboard, enabling significant collaboration among users.

The software employs intelligent automation to gather supplier updates from various sources such as EDI, email, portals, Excel, and PDFs, thereby ensuring real-time visibility and centralized communication. Targeted primarily at procurement teams and suppliers across multiple industries, Axya’s tools help organizations optimize their procurement processes by improving order management, vendor evaluation, and contract oversight. The platform's capabilities are particularly beneficial for businesses in North America and Europe, where it addresses critical pain points such as delayed order updates and fragmented communication. Axya generates revenue through a subscription-based model, primarily targeting B2B clients in the procurement sector.

Clients typically engage with Axya to access its suite of procurement tools, which facilitate better supplier management and operational efficiency. Transactions are structured around service agreements that accommodate varying customer needs, with pricing potentially based on the scale of usage or specific service features. The firm's flagship solutions include modules for order management, RFQ management, and vendor management, each designed to address specific aspects of the procurement process. Through these offerings, Axya capitalizes on the growing demand for efficient procurement solutions, aiming to deliver enhanced data accuracy and supplier engagement for its clients.

In September 2026, Axya Inc. raised CAD 12 million in series A funding from McRock Capital and Yamaha Motor Ventures, BDC Capital and Real Ventures. The round was part of a larger CAD 17 million series A and venture debt funding. The company plans to utilize September 2026 funding to expand its procurement platform, enhance risk detection and workflow automation features, hire staff across engineering, sales, and customer support, and grow its presence in the US market.