GoExpedi Raises $8M in Series A Funding

GoExpedi, a Houston, Texas-based e-commerce, supply chain and analytics company focused on procurement for industrial and energy MRO (maintenance, repair and operations), raised $8m in Series A funding.

The round was led by Crosslink Capital, alongside Bowery Capital, Blue Bear Capital, Hack VC, and SaaS Ventures and other strategic angel investors.

The company intends to use the funds to grow its geographical presence within the US and offshore and to build out its technology platform and analytic capabilities by creating a real time dashboard to do predictive work in addition to reactive maintenance.

Launched in 2017 by Tim Neal, CEO, GoExpedi provides over 200,000 critical parts and supplies, with transparency on price, supplier choice, availability, and accurate tracking through its online e-commerce platform.
The company currently serves a diversified portfolio of over 20 customers including one of the top three drilling contractors in the US.

FinSMEs

26/02/2019