We’re excited to share that AXE Living, a leader in delivering high-quality, sustainable homes quickly and without surprises, has received funding through the Southern Ontario Fund for Investment in Innovation (SOFII), administered by Community Futures Western Ontario.
Believing in the strength of AXE Living’s innovative product and mission, Frank Rupcic, General Manager, and Volker Loetfering, Business Loans Officer at Venture Niagara, first provided support through the Community Futures Program and then referred the company to SOFII, recognizing a shared commitment to helping businesses that create meaningful, long-term impact in their communities.
As an integrated housing supplier, AXE Living provides completed projects to residential homeowners, developers, non-profits, and municipalities, helping meet the growing demand for sustainable housing across the region.
Xavier Toby, CEO of Axe Buildings, shared his thoughts on this milestone:
“Without the support of SOFII, Axe Living would be in a far less favourable position. As a young and fast-growing company providing the housing Canadians so desperately need, we have found support from banks hard to come by. However, SOFII recognized the opportunity and potential and provided much-needed financial support, allowing us to continue our path of aggressive growth and hiring, which enabled us to fulfill orders and purchase new equipment. Thanks to SOFII, we have been able to sustain our fast growth and continue to work through our huge backlog of orders. If it weren’t SOFII, Axe Living would today be a far smaller business on a much different trajectory. We cannot thank SOFII enough for the support and belief.”
Addressing the housing affordability crisis:
AXE Living is tackling the housing affordability crisis by combining affordability, sustainability, and speed in one integrated solution. Their fully panelized, all-wood, low-carbon, and energy-efficient homes are designed to be 100% Canadian, net-zero ready, carbon-neutral, and built with state-of-the-art materials like mass timber while minimizing steel and concrete use. From studio units to four-bedroom accessory dwelling units (ADUs), AXE Living offers customizable prefabricated homes that match each site and homeowner’s preferences, all at some of the lowest prices on the market to break down the biggest barrier to home ownership: cost. Despite being factory-built, these homes are thoughtfully designed to be indistinguishable from traditionally built houses in both appearance and performance. And thanks to highly efficient construction, once the site is ready, installation takes less than a day, with homes fully finished in under a week, providing a practical, sustainable, and truly rapid response to Canada’s housing needs.
The funding from SOFII will play a pivotal role in supporting AXE Living’s next stage of growth. With overwhelming demand for their high-quality, sustainable, and cost-effective homes, aimed at helping those currently priced out of the rental and ownership markets, the company is poised to expand production to meet current orders and future demand. The planned factory upgrades and improvements, running from December 2024 to March 2026, will enable AXE Living to ramp up output, fulfill $16 million in signed contracts, and create meaningful new employment opportunities. Over the course of the project, the company expects to hire at least 20 new staff, potentially growing the team by as many as 40 employees. Beyond this project, AXE Living plans to open new locations and continue expanding its workforce, ensuring even more Canadians have access to affordable, sustainable homes.
The Impact of SOFII: Supporting Innovation in Southern Ontario
SOFII is proud to support forward-thinking companies like AXE Living, whose innovative approach is making homeownership more accessible for Canadians. As a vital source of flexible, non-dilutive funding, SOFII helps high-potential businesses grow without requiring them to give up equity, allowing companies like AXE Living to stay true to their long-term vision while maintaining full control over their operations.
By investing in advanced manufacturing and high-growth businesses, SOFII strengthens the regional economy and job market, ensuring Southern Ontario remains a leader in innovation and sustainable solutions. With this support, AXE Living will continue to expand, create new jobs, and deliver affordable, high-quality homes that help more Canadians find a place to call their own.
To learn more about AXE Living and follow their continued success, visit their website and connect with them on social media.
Website: https://www.axeliving.com/
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