Felux, a Cleveland, OH-based B2B marketplace and supply chain platform for the steel and industrial industry, raised $5.1m in seed funding.
The round was led by Expa, with participation from 8VC and Lightbank.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2019 by Dallas Hogensen, CEO, and Chris Day, COO, Felux is a B2B marketplace B2B marketplace for the steel and industrial industry that provides tools and software to help manage digital commerce, customer relationships, buyer and supplier discovery, Logistics services and financing options. It has over 1,500 customer locations that cover 95% of the United States, with a presence in Canada and Mexico. Customers include fortune 500 manufacturers, Steel Mills, and several of the top 50 steel service centers and processors by size.