Axcel Partners

Axcel Partners is a private equity and venture capital firm based in Stevenson, Maryland. The firm primarily invests in the software, healthcare, information technology, and retail sectors through its venture capital fund, Axcel Partners III. By focusing on these industries, Axcel Partners aims to identify and support promising companies that have the potential for growth and innovation.

Bruce Sholk

Managing Partner

9 past transactions

Scribox

Series B in 2016
Scripbox is an online investing platform based in Bengaluru, India, founded in 2012 by Sanjiv Singhal. The platform facilitates the buying and selling of various mutual funds, including equity, debt, and tax-saving options, thereby helping individuals manage their savings effectively. By providing a user-friendly interface and investment tools, Scripbox aims to simplify the investment process for its users, making it easier for them to grow their wealth over time.

Scribox

Series B in 2016
Scripbox is an online investing platform based in Bengaluru, India, founded in 2012 by Sanjiv Singhal. The platform facilitates the buying and selling of various mutual funds, including equity, debt, and tax-saving options, thereby helping individuals manage their savings effectively. By providing a user-friendly interface and investment tools, Scripbox aims to simplify the investment process for its users, making it easier for them to grow their wealth over time.

FactorDaily

Seed Round in 2016
Technology is going mainstream in India. Everyone we know is using technology to get smarter at how they live, work and consume entertainment. In India, technology is disrupting legacy business models and creating software-enabled sectors that have never existed before. Yesterday’s disrupters in the sectors of finance, retail, healthcare and services are today’s incumbents. Amid all this, Indians are looking for insights that will help them make sense of the way our world is changing because of technology, and also empower them with ideas to compete in this new world. FactorDaily will help its audience cut through the chaff and make sense of the future. For technology consumers, FactorDaily will be the destination to discover life-changing products and ideas. Not just the cheapest phones, but gadgets and ideas that can truly transform their lives. For those working in the business sectors, FactorDaily will present realistic and in-depth commentary and stories about the companies and people that matter. We will ask hard-hitting questions and relentlessly hunt for the answers.
Crown It is a mobile app which is set to revolutionize retail business in India. It’s a customer club through which customers get cash back each time they visit and spend on retail outlets.

GoCardless

Series C in 2016
GoCardless Limited is a leading provider of online payment processing services, specializing in recurring payments. The company offers a user-friendly platform that enables businesses to manage both one-off and recurring transactions through bank-to-bank transfers, eliminating the need for merchant accounts and credit card fees. Its main products include GoCardless, which facilitates online payments, and GoCardless Pro, designed for creating a comprehensive recurring payments ecosystem. Additionally, the company provides Success+, a solution that helps predict and manage payment failures. With a global payments network, GoCardless supports over 40,000 businesses, processing approximately $10 billion in payments annually. Founded in 2011 and headquartered in London, GoCardless also has offices in Paris, Munich, and Melbourne, strengthening its presence in the international market.

Carrier IQ

Series C in 2009
Carrier IQ is a provider of mobile service intelligence solutions, catering primarily to mobile network operators and equipment vendors. The company specializes in offering insights that help improve mobile service performance and enhance user experience. By collecting and analyzing data related to mobile device usage, Carrier IQ enables wireless carriers to make informed decisions that optimize their services. The company's technology is designed to support the telecommunications industry by providing valuable analytics that can lead to better service delivery and customer satisfaction.

TCM Group

Acquisition in 2008
TCM Group develops, manufactures and sells kitchens and bathrooms from factories in Tvis and Horsens respectively. TCM Group expects revenue of more than DKK 500 million in 2015. TCM Group comprises TMK A/S and Concepta A/S, both suppliers of kitchens, bathrooms and wardrobes. TMK is the third-largest kitchen manufacturer in Scandinavia, with strong brands such as Svane Køkkenet and Tvis Køkkener. Mainly a supplier to the Danish market, the company has an increasingly international focus. Concepta is a supplier of kitchens and bathrooms to the DIY market. Its products are mainly distributed through Nordic DIY chains under various brands.
Cambridge Broadband Networks Limited specializes in developing and deploying microwave access and wireless backhaul solutions for telecommunications providers both in the United Kingdom and internationally. The company's flagship product, VectaStar, is a multipoint microwave platform that facilitates mobile backhaul, enterprise access, and small cell network solutions. This includes offerings such as VectaStar Gigabit for macro backhaul and enterprise access, and VectaStar Metro for multipoint microwave backhaul. Additionally, the company provides a comprehensive network management system and various support services, including consultancy, training, and project management, to assist operators in designing and deploying microwave backhaul networks. Founded in 1999 and headquartered in Cambridge, the company addresses the growing demand for enhanced network capacity and efficiency in the face of increasing mobile data usage.

P-Cube

Series B in 2000
P-Cube develops programmable IP service control platforms for broadband and mobile network operators. The company's products include engage, which offers service providers a roadmap to profitability by offering technology that enables operators to adopt a phased approach; encharge, which works with existing OSS and BSS systems that creates a converged voice and data prepaid-postpaid environment; and service control platforms.
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