It is with great excitement that we simultaneously announce 1,000,000 Member to Member connections and the renaming of AxialMarket to Axial.
Our new name better reflects our position as the network where private companies and their advisors connect with capital, where over 10,000 Members across 20 countries are connecting successfully on thousands of actionable opportunities annually.
See below for the personal note that CEO Peter Lehrman sent to Axial Members:
I hope your 2013 is off to a great start. I’ve got 2 important updates to share with you today.
First, we are excited to announce that we surpassed 1,000,000 Member to Member connections in late February. We’re humbled by this achievement; we know that the process of financing private companies is sensitive, highly confidential, and historically has not occurred online. One million connections means that you have placed a tremendous amount of trust in Axial. That trust is manifesting itself in your success: Members are closing 20-40 deals every month, and one third of Members are signing an LOI or closing a transaction every year.
Clearly, trusted relationships sit at the center of successful outcomes in the private markets. To that end, we are changing our company’s name from AxialMarket to Axial. Rather than a market or marketplace, we’re focused on building a platform to help you source relevant opportunities and form smarter relationships built upon intelligent private connections. The “market” in AxialMarket incorrectly implied public listings and auction dynamics — elements that neither reflect our business model nor how Members interact on Axial.
Our new name better reflects our commitment to building Axial as a network. This means a relentless focus on products that help you source great opportunities, dramatically expand your reach and visibility, and close more deals.
A few housekeeping items:
- AxialMarket.com now redirects seamlessly to Axial.net, our new website
- All your login credentials, activity history, and profile information are untouched and safe
- We’ve upgraded the security of the entire website with the latest best-in-class security certificates
Let me reiterate that we are here to help you succeed day and night. Email me at email@example.com if you ever think we could be doing something better. And I’d like to thank you for all the introductions and referrals you’ve made to professionals from your personal networks. They have been great additions to the Axial network.
I hope to see many of you in 2013. Thank you for the opportunity to help you succeed!
CEO | Axial