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Case 08 · Venture / Pre-IPO investing · USA

Axevil Pre-IPO

A mobile service for investing in late-stage private companies and pre-IPO rounds: a dark system, company cards and live deal progress inside the portfolio.

Client
Axevil Capital
Geography
USA
Role
UX/UI Designer
Platforms
Mobile app · CRM
Domain
Venture · Pre-IPO
Status
Released: the app and the internal systems
A phone showing an Axevil investor portfolio, standing on black lunar ground against dark architecture

The app hero: the portfolio and the deal statuses, a phone on black lunar ground.

Axevil Capital is a US venture investment group focused on late-stage technology companies and Pre-IPO.

Pre-seed

Goals and principles

Context. The fund is registered in the United States. Its management company holds an ERA license and is regulated by the SEC. Axevil opens access to leading technology companies before their IPO, to deals that used to be reachable only by the largest funds.

Brief. The mobile app opens a door to a new type of investment. Clients get detailed reports on the companies they put money into, take part in closed deals, read news and research, and watch both their own deals and the whole Axevil portfolio.

Principle. Data is the main character. A black system with a lime signal shows the stages, the rounds and the progress of a deal, so an investor decides on the picture in front of them.

  • The investor app: portfolio, company cards, deal statuses and research.
  • A CRM and a content builder for running the whole business.
  • Document generation and e-signature services inside the deal cycle.
  • Design system: palette, icons, states. Dark, with a lime accent.
Seed

Interface up close

Black phones with color covers on the deals. The company media card leads an investor to the details: the valuation, the deadline for the application and the “Invest” button.

An isometric arrangement of black Axevil phones: a Klarna deal card with a color cover, the KYC, document and portfolio screens
The deal flow in one spread: from the shelf of investment opportunities through to signing the documents and paying.

Deals are one part of the app. Every company also comes with a market breakdown, so the decision gets made in context.

The Market overview screen in Axevil: lime revenue forecast bars and the rising share of digital payments
Market overview: revenue forecast, transaction volume and market share growth. Lime charts on black.
Round A

Platform

To run the processes inside the company and every part of the app, I designed the UX and UI of an in-house CRM: leads and clients, portfolios, assets and content in one system that covers the whole business. I coordinated its development as well.

The content platform changes the app straight from the CRM, through a builder for content and components. Document generation and e-signature services are wired into the project too.

Two laptops with the dark Axevil CRM: a product catalog and an order feed with verification statuses
Two sides of the CRM: the product catalog, and the order flow with its KYC, document and payment statuses.
Pre-IPO

The best balance of risk and return

The main exhibits of this case are the data canvases. The valuation curve explains why coming in at a late stage is the zone of the biggest growth under risk the fund can manage.

A valuation curve from Pre-seed to Exit IPO: the lime zone of maximum growth at the late stage, and a Pre-IPO pill
A company’s path from Pre-seed to IPO. Axevil clients come in at the highlighted Pre-IPO stage, where the curve turns lime.

Companies that went through venture funding

The Coursera logo

Coursera, the largest online education platform

Funding rounds, $ bn

  1. 0.05Jul 12
  2. 0.3Jul 13
  3. 0.4Aug 15
  4. 0.7Jun 17
  5. 0.8Sep 17
  6. Pre-IPO*1.3Apr 19
  7. 2.5Jul 20
  8. IPO5.0Feb 21
  9. Post-IPO6.5Mar 21

Rounds grow from 0.05 to 6.5 billion dollars between July 2012 and March 2021.

From public data on Coursera rounds and trading *We invest at this stage
  1. 01

    In February 2020 Coursera shares could be bought at $12 on the secondary market.

  2. 02

    In July 2020 the company raised a $130 million round at $17 a share.

  3. 03

    In March 2021 Coursera went public at $33.

  4. 04

    After the IPO the shares went up to $58; at the time this case was put together, $45.

  5. 05

    Share price growth over one year, 275%.

IPO

The UX of the process

An investor gets to a stake in four steps. Each one closes inside the app. Nobody prints anything and nobody comes to an office.

  1. Pick a company

    The investor picks a company from the current investment opportunities.

  2. Fill in the form

    They give the data for the KYC check, Know Your Customer.

  3. Sign the documents

    They sign the papers for buying a stake in the company, electronically.

  4. Pay for the purchase

    They move funds from their own account to buy the company’s shares.

Post-IPO

Type and styles

The Mazzard grotesque holds the headings and the dense portfolio figures alike. The one light room in this case reads like a specimen sheet.

A Mazzard type specimen for Axevil: large Aa, Bb, Cc pairs on a white sheet
The Mazzard specimen: three weights, for headings, for text and for the figures in the interface.
Axevil icons on a dark card: a lime filter, check mark and copy icon, and a red warning
The icon set: lime for an action, red for a warning.
Axevil components in weightlessness: Spotify and Udacity cards with green growth percentages, input fields in lime and red states
Components in weightlessness: Spotify and Udacity position cards with green percentages, and field states running from focus to error.
Exit

Outcome

The MVP beta started in February. The app and the internal management systems were released in May: three months from first beta to production. The people who sit in the CRM every day are the company’s own staff.

The case is published without internal metrics. Only the client can say what the app did to the fund’s numbers. I can talk through the design details in a call.

Pre-seed Seed Round A Pre-IPO IPO Post-IPO Exit

All work

A product with complicated data? Tell me and we will get it down to something simple.