Vancouver-based Conexiom announced Tuesday that it has scored $130 million in growth investment from Warburg Pincus. With its investment, Warburg Pincus joined existing investors Luminate Capital, which retains a majority stake, and ICONIQ Growth
Conexiom is a software-as-a-service (SaaS) platform that delivers automation outcomes across order to cash and procure to pay processes. Its roster of manufacturer and distributor customers includes W.W. Grainger, Genpak, Prysmian, Rexnord, USESI, and Compugen.
“Conexiom’s customers face growing challenges that are accelerating the need for automation solutions. Our platform is mission critical to our customers, helping them automate and scale their order to cash and procure to pay processes,” said Conexiom CEO and President Ray Grady. “This investment is great validation of our people, platform and market leadership and will help us accelerate product investment to meet growing market demand.”