The amount of the investment, subject to closing conditions, including regulatory approvals, and expected to be completed in the third quarter, was not disclosed.
The company intends to use the funds to invest in people and products and further accelerate its growth.
Founded in 1998 and led by Dave Gray, CEO, Daxko provides SaaS solutions to organizations including YMCA/YWCAs, JCCs, health clubs, wellness centers and recreation facilities. The company’s products are used by more than 1,200 organizations manage their scheduling and daily operations, member management and engagement, accounting, event registration, payment services, and mobile applications.
Daxko employs 195 team members across the Southeast.