ConnXus is a Mason, Ohio-based certified minority-owned supplier diversity technology company. It offers a cloud-based supplier diversity platform that helps small and diverse businesses—including woman- and minority-owned companies—access global supply chain analytics and connect with Fortune 2,000 corporations. Led by CEO and founder Rod Robinson and COO and early investor Daryl Hammett, the company focuses on providing tools to increase supplier visibility and corporate procurement access. ConnXus closed a $5M Series A and intends to use the funds to continue growing operations. The platform serves as a bridge between diverse suppliers and large corporations seeking supplier diversity solutions. ConnXus provides a cloud-based supplier relationship management (SRM) platform focused on supplier diversity reporting, compliance and risk management for large corporations. The company’s SaaS product helps Fortune 2000 firms manage supplier diversity programs and connect with nearly 2 million diverse suppliers. ConnXus cites marquee customers including McDonald’s, Coca-Cola, Harley‑Davidson, Caesars Entertainment and Cincinnati Children’s Hospital. The firm is NMSDC-certified and says it has achieved 700% compound annual revenue growth since launching its first product in 2012, and 104% revenue growth in the past 12 months. Management plans to use the new funding to invest in marketing, sales resources, product development and expansion of its supplier database. ConnXus is headquartered in Mason, Ohio and emphasizes growth through customer referral and corporate partnerships. ConnXus is a Mason, OH-based provider of an online service that connects diverse and small businesses with companies seeking to diversify their supplier base. The platform is led by Rod Robinson, Founder, President & CEO, and counts customers such as Cincinnati Children’s Hospital Medical Center, Coca-Cola, McDonald’s, Harley‑Davidson and Caesars Entertainment. The company recently closed a $1.7M seed funding round to support growth. It also secured a $500k loan from the Innovation Ohio Loan Fund. ConnXus intends to use the proceeds to expand sales and marketing, accelerate product development and grow operations. The raise positions the company to scale its marketplace and increase outreach to both corporate buyers and diverse suppliers. connXus operates an online platform that matches corporate buyers with small, woman- and minority-owned supplier members. The service was launched in December 2010 by Rod Robinson and Chris Downie and is based in Mason, OH. It currently has close to 1,000 members spanning hundreds of categories, and corporate buyers on the site represent more than $20 billion in annual spending. Basic memberships are free. The company intends to use newly raised capital to continue improving the site and to extend its marketing efforts. The platform targets procurement and supplier-diversity needs within large corporations.

Total raised

$10M

Funding rounds

5

Latest round

Series A

Latest activity

May 2016