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Conexiom raises $130M in a growth investment from Warburg Pincus and others to accelerate growth.
Conexiom, a SaaS provider for sales order and invoice automation, raised $130 million in a growth investment led by Warburg Pincus to accelerate the growth of its global automation solution, a press release from Conexiom said.
The previous funding for Conexiom came in July last year, where it netted $40 million in private equity. The company stated that Warburg Pincus would join its existing investors Luminate Capital, who retains a majority stake and ICONIQ Growth, with the close of this round.
Conexiom, founded in 2001, delivers touchless AP and Sales Order processing capabilities to manufacturers and distributors and automates key processes accurately. Ray Grady, president and CEO of Conexiom, said,
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. “This investment is great validation of our people, platform and market leadership and will help us accelerate product investment to meet growing market demand.Ray Grady, president and CEO of Conexiom
As the demand for SaaS-based systems grows, we continue to see significant growth opportunity for companies like Conexiom. Our investment underscores our long-term commitment to investing strategically in market-leading, B2B software businesses. We are incredibly excited to partner with Ray and the rest of the Conexiom team to build upon their success and help expand their offerings in this dynamic and growing market,” added Angel Pu, Vice President Warburg Pincus.Justin Sadrian, managing director of Warburg Pincus