- Conexiom, a leading SaaS provider of customer order and invoice automation solutions, announced that it has raised $ 130 million. Those are the details.
Conexiom – a leading SaaS provider of customer order and invoice automation solutions – recently announced that it has made a $ 130 million growth investment from Warburg Pincus. Warburg Pincus joins existing investors Luminate Capital, which retains a majority stake, and ICONIQ Growth.
The company’s platform offers non-contact AP and order processing functions for manufacturers and dealers. And they are the only provider that automates these key processes with 100% data accuracy. Over $ 15 trillion of order-to-cash and procure-to-pay transactions are manually processed annually in North America and Europe.
Conexiom eliminates expensive and error-prone manual processing and enables customers to have a superior customer experience. Modern businesses use Conexiom to devote resources to activities that provide higher profitability, reduce order turnaround time, and deliver orders on time and in full. Over $ 100 billion in business-to-business transactions are processed annually via the Conexiom platform.
“Conexiom’s customers are facing growing challenges that accelerate the need for automation solutions. Our platform is business-critical for our customers and helps them to automate their orders and to scale them to cash and procure-to-pay processes. This investment is a great endorsement of our people, platform and market leadership and will help us accelerate product investments to meet growing market demand. “
– Ray Grady, President and CEO, Conexiom
“Since Luminate invested in 2018, Conexiom has grown six times and I really believe we are just getting started. I am very excited to see what the future will bring. “
– Conexiom Chairman and Luminate Operating Partner, Mark Pierce
“As the demand for SaaS-based systems grows, we continue to see significant growth opportunities for companies like Conexiom. Our investment underscores our long-term commitment to strategically invest in market-leading B2B software companies. ”
– Justin Sadrian, General Manager, Warburg Pincus
“We are incredibly excited to be working with Ray and the rest of the Conexiom team to build on their success and expand their offerings in this dynamic and growing market.”
– Angel Pu, Vice President Warburg Pincus
“When we took over Conexiom in 2018, we were convinced that we were still at the beginning of B2B automation. Conexiom solves key problems for customers of all sizes. We look forward to working with Warburg Pincus as we move into this next phase of growth. ”
– Hollie Haynes, Managing Partner of Luminate Capital
“Conexiom’s product has been and will continue to be the foundation of its success and growth to date as the company expands its platform to meet additional customer requirements.”
– Dave Ulrich, partner at Luminate Capital