Inxeption Announces $275M in Funding to Expand its Leading Industrial Commerce SuperApp
Valuation surges to $3B in new Series E financing and debt capital raise
Inxeption, the Industrial Commerce SuperApp, announced $275 million in new funding made up of a $125 million Series E financing round and $150 million in new debt capital. The Series E is led by Schonfeld Strategic Advisors with participation from the Bank of Montreal (BMO) and existing investors Coatue and others. Additionally, BMO and another lender will provide senior and junior debt facilities totaling $150 million to further accelerate Marketplace and Inxeption Financial. This funding round is expected to close by the end of February and values Inxeption at approximately $3 billion, more than 4x the last round that closed in early 2021.
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“We are excited to partner with the Inxeption team as they continue to transform Industrial commerce,” said Mike Kuchmek, Global Head of Equity Capital Markets at Schonfeld.
“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. We believe that Inxeption’s platform is enabling an on-demand and digital experience to provide capital, data, products, and services in one place for Industrial businesses,” said Mike Kuchmek, Global Head of Equity Capital Markets at Schonfeld. “We are excited to partner with the Inxeption team as they continue to transform Industrial commerce.”
“The opportunity to provide financial services digitally and real time to manufacturing businesses and their industrial consumers is very exciting and aligns with BMO’s Purpose to Boldly Grow the Good, in business and in life,” said Eric Benedict, Managing Director and Co-Head of Global Equity Capital Markets at BMO. “We look forward to partnering with Inxeption in multiple ways to bring our capital and expertise to solve these companies’ pressing financial challenges.”
Read More: Ecommerce Veteran Jay Hanson Joins Inxeption As Chief Operating Officer
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