Inxeptioin Raises $275M in Series E Funding; Valued at $3 Billion
Summary
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. The company intends to use the funds to further expand operations and business reach. Led by Farzad Dibachi, CEO, Inxeption provides a cloud-based digital commerce platform that brings Capital, Data, Products, and Services on-demand for Industrial and supply chain businesses in any industry. Partners can access to sell products on the Inxeption B2B marketplace and to develop new online commerce channels, as well as valuable applications that simplify and streamline logistics and other operations.