connXus.com, a Mason, OH-based online service designed to help corporations locate, evaluate and engage small, woman- and minority-owned businesses, has received a seed funding of undisclosed amount.
Backers include John E. Pepper, Jr., former CEO and Chairman of the Board for The Procter & Gamble Company.
The company intends to use the capital to continue to improve the site and extend its marketing efforts.
Launched in December 2010 by Rod Robinson, a Fortune 1000 procurement expert and supplier diversity consultant, and serial internet entrepreneur Chris Downie, connXus.com matches corporate buyer buyer and supplier members. The service currently has close to 1,000 members, including small, woman- and minority-owned businesses representing hundreds of categories and corporate buyers responsible for more than $20 billion in annual spending.
Basic memberships are free.