Maxa Raises $21M in Funding to Enhance Product and Expand Market

Maxa Raises $21M in Series A Funding

Key Highlights:

• Funding Round: Maxa, a Montreal-based Snowflake Native App for business system and ERP insights automation, raised $21 million in Series A funding.
• Investors: FRAMEWORK, BDC Capital’s Industrial Innovation Venture Fund, Snowflake Ventures, Amiral Ventures, NAventures, AQC Capital, and Graphite Ventures participated in the funding round.
• Product Enhancement: The funding will be used to enhance Maxa's product, go-to-market strategy, and customer self-serve capabilities.

Maxa's Target Market

• Target Market: Businesses and organizations using ERP and business data systems, seeking automation and accurate insights for financial, ERP, and operational reporting and analysis.
• Non-Technical Analysts and Developers: Maxa's software allows non-technical analysts and developers to access and combine data from various business systems for insights and decision-making.
• AI-Driven Insights: Companies leveraging AI-driven insights and conversations can benefit from Maxa's pre-computed and auditable data insights.

What Maxa Needs to Buy

• Product Development and Enhancement: Collaborating with technology partners and experts to further enhance their Snowflake Native App and Universal Business Data Model (UBDM).
• Marketing and Sales Support: Engaging with marketing agencies and sales experts to effectively promote and sell their automation and insights solutions.
• Customer Success and Support: Services to ensure customer satisfaction, self-serve capabilities, and ongoing support for users of Maxa's software.