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Maxa secures $21M in Series A funding

Maxa secures $21M in Series A funding
Maxa secures $21M in Series A funding

Maxa, a Montreal-based Snowflake Native App, secured $21M in Series A funding.

The round was spearheaded by FRAMEWORK and BDC Capital's Industrial Innovation Venture Fund, with participation from Snowflake Ventures, Amiral Ventures, NAventures, AQC Capital, and Graphite Ventures.

Funds will drive product enhancement and expand go-to-market and customer self-serve capabilities.

Maxa aims to unify ERP and business data systems for accurate, AI-enhanced business insights. Its Universal Business Data Model (UBDM) standardizes data access for non-technical users.

Co-CEOs Raphael Steinman and Alexis Steiman plan to use the funds to streamline automation in financial, ERP, and operational reporting.