HICX, a London, UK-based leading Supplier Experience Management provider, announced that it raised a $30 million investment to help companies optimize supplier experience.
The round was led by Boston, US-based growth equity firm Wavecrest Growth Partners, and Toronto-based venture debt provider Espresso Capital.
"At the most basic level, companies deliver value to customers through the combined effort of their internal teams and suppliers. Companies often under-invest in the supplier experience – in making it easy for suppliers to deliver their best work. However, we've seen a significant shift recently and many of the world's leading brands are investing in technology to address this and to become 'customer of choice' for as many of their suppliers as possible."-Costas Xyloyiannis, co-founder and CEO of HICX, said.
The HICX platform serves the most complex tech landscapes in Fortune-1000 accounts. It leverages patented low-code/no-code technology for rapid configuration to each customer's specific needs. It is meant to run alongside the customer's existing investments in procurement, supply chain, and financial systems.
Company: HICX Solutions, Ltd.
Funding Month: September 2022
Lead Investors: Wavecrest Growth Partners
Additional Investors: Espresso Capital
Company Website: https://www.hicx.com/
Software Category: Supplier Management Software Solutions
About the Company: Founded in 2004, HICX is a provider of enterprise SaaS solutions for digital supplier management. HICX's low-code/no-code SaaS platform and applications provide large enterprises with complete visibility into their supplier ecosystems and relationships, allowing them to develop robust and competitive supply chains. HICX helps Global 5000 companies to take control of their supplier data and to deliver a great supplier experience. The HICX Supplier Experience Platform enables businesses with thousands of suppliers to efficiently onboard and manage the end-to-end lifecycle of all suppliers, achieve a single version of truth for all supplier data, and remove the friction from supplier relationships. Some world's largest companies trust HICX to manage their supplier data, including Unilever, Mars, Mondelez, Lenovo, Baker Hughes, and BAE Systems.