ConnXus, a Mason, OH-based supplier diversity management software company, closed a $2.5m funding round.
The round was led by Techstars Ventures, the venture capital subsidiary of Techstars, with participation from existing investors Serious Change L.P., CincyTech, Impact America Fund and unnamed private angel investors.
The company intends to use the funds to invest in marketing, sales resources, product development and grow its database of nearly 2 million diverse suppliers.
Led by Founder and CEO Rod Robinson, ConnXus provides a cloud-based supplier relationship management platform for major corporations to better manage all aspects of their Supplier Diversity compliance and programs. ConnXus is an NMSDC-certified African-American owned company.
The company’s client list includes McDonald’s, Coca-Cola, Harley-Davidson, Caesars Entertainment and Cincinnati Children’s Hospital.