Inxeption plans to use the $275 million in funding to develop a B2B marketplace platform and a new financing program.

An ecommerce services company that is positioning itself as a one-stop-shop for manufacturers and industrial suppliers has raised significant new expansion cash.

Inxeption Corp., a Brisbane, California, company that provides a range of software-as-a-service (SaaS) applications to manufacturers and related suppliers, has received $275 million in new funding and debt financing from a group of investors headed by Schonfeld Strategic Advisors with participation from the Bank of Montreal.

FarzadDibachi_Inxeption

Farzad Dibachi, CEO, Inxeption Corp.

Inxeption, which began operating in 2017, will use the money to facilitate funding of a new B2B marketplace platform and for Inxeption Financial, a financing program.

“With trillions of dollars of commerce activity annually and hundreds of thousands of potential customers in the United States alone, industrial and manufacturing businesses are underserved digitally and are looking for an advocate,” says CEO Farzad Dibachi. “This latest funding will be used to support our growing platform and ecosystem so that we can be the best advocates for our customers.”

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Inxeption’s range of services include applications for ecommerce, logistics, analytics, digital marketing and B2B marketplace development, among others.

The company, which now says its corporate valuation is approaching $3 billion, has $100 million in annual revenue and serves a customer base of 1,000 companies.

“Industrial and supply chain businesses have had unique challenges for decades that are only becoming more acute in today’s environment with logistics and trade disruptions—Inxeption’s platform is enabling an on-demand and digital experience to provide capital, data, products, and services in one place for Industrial businesses,” says Mike Kuchmek, Schonfeld global head of equity capital markets.

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Jay Hanson, chief operating officer, Inxeption Corp.

Inxeption sees a big opportunity in launching new B2B marketplaces across various industries. In December, for example, the company rolled out Inexption Energy, a new marketplace that provides buyers access to on-demand and built-to-specification solar components from manufacturers.

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“The future of B2B is targeted marketplaces,” says Inxeption chief operating officer Jay Hanson. “Inxeption Energy is the first of many vertical marketplaces that we are launching to address the specific needs of B2B by simplifying logistics, financing, payments, and the entire purchase process.”

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