Goodwin Procter LLP served as legal counsel to ICONIQ Capital. Kirkland & Ellis LLP and Blake, Cassels & Graydon LLP served as legal counsel to Conexiom. We are excited to continue the journey with the management team and ICONIQ Capital, to help the Company address its large market opportunity.” Hollie Haynes, Managing Partner of Luminate Capital, added, “Conexiom has seen tremendous growth since our initial investment in 2018, solving a critical problem for manufacturing and distribution customers. “We have spoken to numerous customers whose businesses were transformed by Conexiom and yielded significant return on investment in as little as 30 days.” “We see Conexiom as a key partner to companies looking to make their businesses future-ready, to accelerate growth, ensure revenue capture, and deliver superior customer service by letting CSR focus on customers, instead of repetitive and time-consuming tasks,” said Roy Luo, Vice President at ICONIQ Capital. We will use the funding to help us to better serve customers through accelerated platform development, with an increased investment in machine learning and artificial intelligence, extend our technology to other critical business processes beyond order and invoice automation, and expand our footprint in global markets.” The support of ICONIQ and Luminate is a validation of our mission and furthers our commitment to help our customers grow and transform their businesses. “We are thrilled to welcome ICONIQ to Conexiom. COVID-19 is accelerating the modernization of antiquated business processes and forcing every business to become a digital business,” said Ray Grady, President and CEO, Conexiom. Over $100 billion in business-to-business sales are processed through 22 million transactions on the Conexiom platform annually. Modern businesses use Conexiom to redeploy resources to activities that deliver greater profitability, expedite order cycle time, and maintain their competitive edge. Conexiom is the only vendor in the market that delivers touchless order processing with 100 percent data accuracy.
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Conexiom is focused on eliminating manual order processes and helping customers deliver a superior customer experience.
ICONIQ’s investment follows a record performance of 70 percent year on year growth for Conexiom.Ĭurrently, more than $8.4 trillion dollars of business-to-business sales orders are still manually processed In North America alone. ICONIQ joins existing investor, Luminate Capital, which will retain a majority stake.
It also partners with Snowflake, Amplitude, Outreach, dbt, Fivetran, and Snowplow.Conexiom, the leading provider of sales order and invoice automation solutions, today announced it has received a strategic growth investment from ICONIQ Capital. The company currently serves hundreds of customers, including Fortune 500 companies, B2C brands like Betterment, EyeByeDirect, Imperfect Foods, Autotrader, and Nando’s, as well as B2B companies like Plaid, Ramp, CircleCI, Lucidchart, and SurveyMonkey. Public companies like Autotrader, the largest car marketplace in the UK, use Audiences to send data to ad networks and email tools for hyper-personalization, faster experimentation, and increased customer conversion. With Hightouch Audiences, marketers can self-serve data for their campaigns. In the past few months, the company released their second product, Hightouch Audiences, which lets anyone define what data they need in their tools, regardless of whether they know SQL or not.
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This enables every business team-sales, marketing, support, success- to get real-time customer data in the software they use to talk to customers including CRM, email, and support platforms. The company intends to use the funds to expand their investment in product and engineering and further improve the core developer experience.Ĭo-founded by Josh Curl, Kashish Gupta, and Tejas Manohar, Hightouch provides a Reverse ETL platform, which syncs data from data warehouses to various SaaS tools.
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