Expedi, Inc., a Houston, TX-based provider of procurement platform, raised $2.25m in seed funding.
Backers included Bowery Capital, Blue Bear Capital and several angel and industry investors.
The company will use the funds to continue to expand operations.
Led by CEO Tim Neal, Expedi has created an online, rapid-delivery means of supplying critical parts to keep rigs up-and-running 24/7. The platform provides over 200,000 critical parts and supplies, with complete transparency on price, supplier choice and availability through their online website.
The company is initially focused on North American oil producers.