Inxeption, the pioneer of I-commerce business services, announced that global technology investor Coatue, with $40 billion in assets under management, has made a $61.5 million Series D investment in Inxeption. Coatue invests in both private and public companies and was an early investor in leading technology innovators including Spotify, Snowflake, Instacart, DoorDash, and Anaplan.
“We believe that Inxeption enables merchants to provide a unique e-commerce experience to its B2B customers. With its digital commerce platform, Inxeption provides a comprehensive solution that allows merchants to easily manage online selling, logistics, and financial services all in one place,” said Co-founder of Coatue Thomas Laffont, who will be joining Inxeption’s board. “We are proud to partner with the Inxeption team as they seek to transform the way B2B commerce is conducted.”
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“We believe that Inxeption enables merchants to provide a unique e-commerce experience to its B2B customers,” said Co-founder of Coatue Thomas Laffont.
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These developments follow an extraordinary period of growth for Inxeption. Use of the company’s advanced, cloud-based platform soared during the last 18 months as more and more B2B companies embraced digital transformation. Inxeption offers a powerful array of innovative business services for logistics, online selling, ecommerce and supply chain finance, packaging, and more.
In Q1 ended March 31, Inxeption announced that total revenues had grown 550% year to year, and the “total commerce value” or TCV of products bought, sold, and shipped on the Inxeption platform increased 900% for the same period.
“In Q1 we accelerated customer growth and we executed over 200K transactions involving products ranging from industrial air purification systems, to sporting goods. We have more than 500 transacting customers ranging from global solar panel manufacturers to craft food and beverage companies. This growth and activity demonstrate the broad utility and value of I-commerce for companies of any size, in any industry,” adds Dibachi. The company also opened a new Logistics Command Center in Louisville, KY in Q1.
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