Axtria Raises $150 Million From Bain Capital at $1 Billion Value

Axtria, which makes software for life-sciences companies, raised $150 million in a funding round from Bain Capital Tech Opportunities.

The company, based in Berkeley Heights, New Jersey, is valued at close to $1 billion in the transaction, according to people with knowledge of the matter who asked not to be identified because the information is private. Representatives for Axtria and the Bain Capital fund declined to comment on the valuation.

Founded in 2010, Axtria is a cloud software and data analytics provider that helps life sciences businesses bring therapeutics to market faster.

Bain Capital’s investment is the first ...