Redpoint backs AxialMarket

May 17, 2012, 6:38 PM UTC

FORTUNE — AxialMarket, a platform that helps private companies manage and execute mergers and other financial transactions, has raised $6.5 million in Series A funding. Redpoint Ventures led the round, and was joined by family office Cove Point Holdings and return backers First Round Capital and Windcrest Partners.

Tomasz Tunguz, a partner with Redpoint, with join First Round’s Howard Morgan on the Axial Market board of directors.

The New York-based company was founded in 2010 by Peter Lehrman, who had worked in private equity with SFW Capital Partners and was part of the founding team at Gerson Lehrman Group. Since then, the company says it has helped over 8,800 private companies — typically small and mid-sized companies without access to Wall Street investment banks — complete mergers, private equity funding, debt financing  and other such transactions.

The busiest sector for AxialMarket has been industrials, followed by consumer discretionary, according to the following chart.

AxialMarket previously raised $2 million.

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