We are proud of the significant role we play in developing the next generation of companies and industries in Ohio, contributing not only to the success of organizations and their employees, but also influencing new start-ups that will have an impact on the state’s growth.
(PRWEB) May 09, 2018
Venture Capital firm Ohio Innovation Fund (OIF) is pleased to announce the addition of ConnXus, Inc. to its roster of emerging growth, Ohio-based companies. ConnXus, a provider of supplier management software solutions, joins nine other companies in the OIF portfolio, backed because of their innovative technologies in high-growth markets. Founded in 2016, OIF offers venture capital to early-stage companies, and provides in-depth market insights, business strategy, financing options and management team searches.
“We are proud of the significant role we play in developing the next generation of companies and industries in Ohio, contributing not only to the success of organizations and their employees, but also influencing new start-ups that will have an impact on the state’s growth,” said Bill Baumel, OIF’s Managing Director. “ConnXus is well-received across industries, boasts an impressive client list, and is positioned to attract new customers going forward. We are pleased to welcome ConnXus to our portfolio of Ohio companies, and excited to provide support for this innovative company.”
ConnXus powers sustainable global supply chains through a suite of software solutions designed to give procurement professionals, diverse suppliers, and small businesses the tools they need to innovate, source, track, and connect. The easy-to-use interface connects companies with diverse suppliers as well as facilitates, manages, and reports on diversity spending patterns.
"OIF's partners GET software,” said Rod Robinson, Founder and CEO of ConnXus. “Its portfolio companies have been acquired by enterprises such as Ariba, SAP, and Siebel, and it enjoys partnerships with many other leading software companies. Both OIF and ConnXus are focused on hyper growth in establishing a market leadership position, and we look forward to working together toward a highly successful outcome."
About The Ohio Innovation Fund
The Ohio Innovation Fund (OIF) provides venture capital and strategic, operational, and financial expertise to high-growth companies in the SaaS, Data Science, Cyber Security, and Med Tech markets. With more than twenty years of Silicon Valley venture capital experience, and close ties with a significant network of key Silicon Valley leaders, the partners of OIF have successful exits via several multi-billion-dollar valuation Initial Public Offerings as well as acquisitions by companies such as Medtronic, Dell, SAP, Intuit, and Stryker. OIF's companies have been featured by CNN, Forbes and The Wall Street Journal among others. For more information please visit http://www.ohioinnovationfund.com.
ConnXus supplier management software solutions simplify the complexities of global supply chains and allow buyers to achieve their goals of responsible and sustainable sourcing. ConnXus is a CPUC-certified business enterprise based in Mason, Ohio with local, regional and international capabilities. For additional information about ConnXus and their growing suite of supplier risk solutions, visit the company’s website at http://www.connxus.com, and to register your company on the ConnXus platform, visit https://mysuppliernetwork.com/user/signup. Connect with our social media channels here: @connxus, facebook.com/Connxus, linkedin.com/company/connxus-inc.