Conexiom, a Vancouver, BC-based SaaS provider of sales order and invoice automation solutions, received a $130m growth investment from Warburg Pincus.
Warburg Pincus is joining existing investors Luminate Capital, who retains a majority stake, and ICONIQ Growth.
Led by Ray Grady, President and CEO, Conexiom provides a an automation platform that delivers touchless AP and Sales Order processing capabilities to manufacturers and distributors. Annually, more than $15 trillion dollars of order to cash and procure to pay transactions are manually processed in North America and Europe. Over $100 billion in business-to-business transactions are processed on the Conexiom platform annually.
The company has offices in Kitchener, ON, London, England Munich, Germany and Chicago, IL.