TNF leads the latest funding round for NAX
NAX today announced that TNF led its latest funding round, having established a new model for launching corporate asset-backed products, ventures and securities.
The announcement comes on the heels of the formal launch of NAX, after two and a half years of stealth development. To date, NAX has secured $65m USD in investment from 12 institutional, family office and corporate investors across North America, Europe and Asia, valuing the company at over $300m USD.
“As an international investment firm that prides itself on being a catalyst for innovation and industry disruption, we were instantly captivated by NAX and its disruptive approach to asset creation and value generation,” said Francisco Arcila, Partner at TNF. “We were very excited to lead the latest round of funding for NAX, and we are equally enthusiastic about the prospect of the many ventures and further investment opportunities that NAX will create.“
NAX was founded by Jeff Schumacher, the former founder of BCG Digital Ventures and over one-hundred early growth companies. Jeff Schumacher is an innovation leader and investor with over 20 years’ experience in building new businesses and transforming large corporations.
NAX is already working with leading global businesses in multiple industries including energy, insurance and consumer goods to launch corporate asset-backed products and is supported by operating partners from global leaders in trading, banking and underwriting to deliver the requisite infrastructure.
For more information, please visit the official news release.