Tech
Flex Lands a $2 Billion Preferred Investment in Axiom at a $37.5 Billion Value Before Its 2027 Spinoff
General Catalyst and Koch Equity Development are leading a Series A convertible preferred that pays 10% until the separation, expected in the first quarter of 2027.
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By Tomás Videla
Oct 5, 2026 · 2 min read
Flex said Monday it had secured a $2.0 billion convertible preferred investment into Axiom, the cloud and power infrastructure business it plans to separate into a standalone public company, at an initial enterprise value of $37.5 billion.
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Tomás Videla
Tomás writes about growth-stage companies, compensation and the private markets that fund them.
Tomás writes about growth-stage companies, compensation and the private markets that fund them.