Axosoft

Axosoft

Axosoft launched in 2002 when Hamid Shojaee decided to build project management software for agile development teams. The flagship product, originally called OnTime, targeted Microsoft-centric shops and later expanded to support Scrum frameworks alongside Git integration. Based in Scottsdale, Arizona, the company grew without institutional venture capital — a path that distinguishes it from most enterprise SaaS peers that raised multiple rounds before reaching profitability. Shojaee maintained majority ownership throughout the company's history and never diluted control to outside investors. Axosoft sells a subscription-based project management and bug-tracking platform used primarily by software development teams. The product suite includes Scrum boards, burndown charts, release planning, and customer portal features. The company also operates a separate line of business: GitKraken, a Git GUI client for developers that Axosoft launched in 2014, which has since become a revenue driver independent of the core project management tool. On the deployment side, Shojaee has used Axosoft's operating cash flow to make direct angel investments in Arizona-based technology companies. Known portfolio holdings include positions in Phoenix-area startups across SaaS and developer tools. Geographic focus remains concentrated in the Southwest United States, with a secondary concentration in software tooling for distributed development teams. Axosoft remains a private, founder-controlled entity with its headquarters in Scottsdale and no disclosed satellite offices. The firm does not report asset figures publicly, though its dual revenue streams from Axosoft licenses and GitKraken subscriptions provide ongoing deployment capacity. Recent activity includes continued product updates to GitKraken's collaborative coding features. Shojaee also maintains a separate family office vehicle, AZ Crown Investments, which formalized his broader investment activities beyond software. In April 2023, Axosoft announced integration updates aligning GitKraken with Jira Cloud, extending its footprint within Atlassian's ecosystem. Shojaee's structure differs from conventional family offices by anchoring investment activity inside an operating software company rather than a discrete allocated pool. That architecture means deployment pace tracks product revenue cycles rather than formal capital calls — an uncommon hybrid that blurs the line between corporate venture and family office. The absence of outside LPs eliminates redemption pressure, permitting indefinite holding periods on direct startup positions that SaaS multiples alone would not support.