Conexiom offers an automation platform that delivers touchless accounts-payable and sales-order processing capabilities to manufacturers and distributors. The company says its platform processes more than $100 billion in business-to-business transactions annually. Conexiom highlights a large addressable market, noting that over $15 trillion of order-to-cash and procure-to-pay transactions are manually processed in North America and Europe each year. Ray Grady is president and CEO. The company maintains offices in Vancouver, Kitchener (ON), London (UK), Munich (Germany), and Chicago. The product is positioned to reduce manual processing in B2B order and invoice workflows. Conexiom provides a software platform that automates sales order and invoice processing for manufacturers and distributors, aiming to eliminate manual order entry and deliver 100 percent data accuracy. The company claims its platform processes $100 billion in B2B sales across 22 million transactions annually. It targets reduced costs and resource burdens for customer service teams by automating repetitive tasks. Conexiom plans to accelerate platform development and invest in machine learning and artificial intelligence to extend its technology beyond order and invoice automation. The startup also intends to expand its global footprint and has offices in Vancouver, Kitchener-Waterloo, London (England), and Chicago. Conexiom was founded in 2005 under the legal name ecMarket. Conexiom provides cloud-based software that fully automates the processing of purchase orders, supplier invoices, pricing agreements and other supply-chain documents, eliminating manual data entry and delivering structured data directly into customers' ERP systems. The company emphasizes 100% accuracy in document capture and is used by customer service and inside sales teams to streamline order-to-cash and procure-to-pay workflows. Conexiom serves leading enterprises, including 10 of the top 25 distributors in North America, with a focus on wholesale distribution and manufacturing markets. Management says the company plans to accelerate customer adoption, expand geographically and enter additional verticals with similar business profiles. Luminate Capital Partners invested to support that global growth strategy. Financial terms of the transaction were not disclosed.

Total raised

$170M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2021