Reibus operates a proprietary independent metals marketplace that connects buyers and sellers of steel and other selected industrial metals. The company announced a $30 million financing in a mix of equity and debt from existing investors, including Canaan and Nosara, with HSBC as its banking partner. Reibus said the capital will be used to enhance its proprietary platform, expand product offerings, and renew focus on delivering service and reliability to customers in North America. The company also named Jared Rowe as CEO and Chairman of the Board to lead its next phase of growth and innovation. Rowe brings more than two decades of executive experience in technology and marketplace sectors, including leadership roles at AutoWeb, YP.com, Cox Automotive, and FordDirect. Management frames the investment as essential to meeting customer needs through continued innovation and dedicated support. Reibus is a SaaS-enabled, independent and anonymous marketplace for industrial metals and materials, founded in 2018 and based in Atlanta, Georgia. The platform uses technology to address ingrained supply-chain problems by shortening lead times, reducing inventory, and streamlining finance and freight services. For sellers the marketplace aims to maximize price-performance, expand market reach, and reduce sales and marketing expenses; for buyers it increases selection and market transparency while reducing time and investment required to procure materials. Reibus offers marketplace and mobile app tools and plans to accelerate new financial and logistical products. Financially, the company raised $75 million in a Series B that brought total funding above $100 million and valued the company at $750 million. The proceeds are intended to fund marketplace expansion, enhanced mobile tools and services, new financial and logistical products, and expansion of European operations with dedicated teams and resources. Reibus International operates a web-enabled, independent and anonymous B2B marketplace for industrial materials designed to improve the efficiency of buying and selling and inject liquidity into the industrial supply chain. The company is led by CEO John Armstrong and is based in Peachtree Corners, Ga. Reibus closed a seed equity financing of undisclosed size. Backers included unnamed venture capital funds. The company intends to use the funds to support continued growth of its marketplace. The platform focuses on connecting buyers and sellers across the industrial materials supply chain to increase transactional efficiency and liquidity.

Total raised

$105M

Funding rounds

4

Latest round

Equity

Latest activity

May 2024