CEO, coaXion
Stories naming Colin Armbruster. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Profile of CoaXion, which tracks heavy machinery to value assets in real time for owners, lenders and insurers. Its seed round raised $2.65 million, a pre-Series A is underway, and US expansion is planned.
Australian startup coaXion, which offers usage-based heavy machinery finance, has partnered with lender Yellowgate on a pilot and opened a raise of at least $3.5 million as it targets the US market.
Equipment-finance fintech coaXion has oversubscribed its Pre-Series A raise, closing $2.65 million against a $1.5 million goal, with funds earmarked for Australian product development and a planned US market entry.