United States · 
Who invested in Axuall?
Axuall's investors include M25, JumpStart, Flare Capital, North Coast Angel Fund and Frist Cressey Ventures, and 3 more on record.
2020202120222023
$3.0MSeed$7.0MSeries B
United States · Series B startup
Who invested in Axuall
Funding summaryUpdated 26 Oct 2026
$10Mraised across 2 rounds since 2019, from 2 sources
$3.0MSeed$7.0MSeries B
- Latest round
- Series B, $7.0MAug 2023
- Step-upi
- 2.3×
- Investors
- 8 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Seed, $3.0M Sept 2019
- Biggest round
- $7.0M Series B · Aug 2023
- Between rounds
- 3.8 years from the last two
The rounds
- Aug 2023Series B$7.0M2 new1 returning
Source recordedSEC filing: $7.0M sold, first sale Jul 2023
- Sept 2019Seed$3.0M6 new
JumpStartLead
M25- North Coast Angel Fund
- Drummond Road Capital
Zapis Capital Group- Kettledrum Ventures
Reported by FinSMEsSEC filing: $3.0M sold, first sale Sept 2019
Founders and team
From Axuall's own website and the SEC filings it signed: 3 founders, 13 on the team.
Charlie LougheedCEO & Co-Founder
Stephen Edward McHaleFounder, Director, & CEONamed on its 2023 Form D
Michael Edward GreeleyCo-Founder & General PartnerNamed on its 2023 Form D
- Edouard VallaChief Product Officer
- Mark DormanChief Financial Officer
- Michael HawkinsChief Technical Officer
- Scott CanuppChief Operating Officer
- Dennis LeonardVP of Engineering
- Jeff CyncynatusVP of Client Services
- Nadege ToomeyVP of People
- David MoviusGeneral Counsel
- Kris JoshiIndependent Board Member
- Steven LindsethGeneral Partner
- Aaron Edward CornellExecutive Officeri
- Charles Edward LougheedExecutive Officer, Director, Promoteri
- Ryan Edward CollinsPrincipal
On the board, as filediRay Edward Leach
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Seed2019Series B2023M25JumpStartL
Flare CapitalNorth Coast Angel Fund
Frist Cressey VenturesDrummond Road CapitalZapis Capital GroupKettledrum Ventures
M25JumpStartLFlare CapitalNorth Coast Angel FundFrist Cressey VenturesDrummond Road CapitalZapis Capital GroupKettledrum VenturesEveryone who backed them
North Coast Angel FundVC firm1round
Drummond Road CapitalVC firm1round
Kettledrum Venturesno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 3 firms list Axuall as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Axuall
How much has Axuall raised?
Axuall has raised $10M across 2 rounds since 2019.
When did Axuall last raise?
Axuall's most recent round was a Series B of $7.0M in Aug 2023.
What was Axuall's biggest round?
Its most recent round, $7.0M in Aug 2023, is also its largest on record.
Who backed Axuall first?
Axuall's first round on record, in Sept 2019, was backed by JumpStart, M25 and North Coast Angel Fund and 3 others.
What stage is Axuall at?
Axuall's latest named round is a Series B, in Aug 2023.
Where is Axuall based?
Axuall is based in the United States.
Who led Axuall's rounds?
JumpStart led the Seed in 2019.
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