HICX raises $30M to help companies optimize supplier experience

LONDON, Sept. 15, 2022 /PRNewswire/ -- HICX, the leading Supplier Experience Management provider, is announcing a $30 million investment led by Boston, US-based growth equity firm Wavecrest Growth Partners and Toronto-based venture debt provider Espresso Capital.HICXs low-code/no-code SaaS platform and applications enable large companies full visibility into their supplier ecosystems and interactions, building resilient and competitive supply chains. "Vaibhav Nalwaya, Co-founder and Managing Partner at Wavecrest, said, "The last three years of global turmoil have highlighted the importance of the mutually beneficial customer-supplier relationship and yet the incumbent procurement and supply chain tech stacks often actually add friction and complexity. "The ability to manage both internal supplier master data and multi-tier information is becoming imperative for procurement and supply chain risk as companies face continued uncertainty on multiple fronts, and HICX is well positioned to support market requirements. Some of the worlds largest companies trust HICX for the management of their supplier data, these include Unilever, Mars, Mondelez, Lenovo, Baker Hughes and BAE Systems.Wavecrest Growth Partners is a growth equity firm focused on investing in and partnering with leading B2B software and technology-enabled services companies based in both North America and Western Europe. Since 2009, weve helped more than 300 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital.