GoExpedi, an innovative e-commerce, supply chain and analytics company that is reinventing procurement for industrial and energy MRO, today announced the closing of $25 million in Series C funding led by Top Tier Capital Partners with key participation from other investors such as Crosslink Capital, San Jose Pension Fund, CSL Ventures, Bowery Capital, Hack VC, and others. This capital raise, which follows the company’s November 2019 $25 million Series B raise, brings the total to $75 million of equity and debt capital and continues fueling GoExpedi’s suite of integrated tech applications for the industrial sector.
Expanding beyond energy into adjacent markets, GoExpedi will use the latest round of funding to accelerate the development and scale of its machine learning software, robotics, and advanced analytics technologies to transform industrial businesses into intelligent enterprises. Furthermore, it will further deepen an already robust talent pool of industry experts and top tech talent. Its end-to-end suite of applications and meticulous cataloging system enables spending transparency, lowering costs and unplanned downtime. Mounting demand reinforces the need for a technology that will help reduce capital expenditures and mitigate financial risk in today’s market. Read rest here.