Reibus, an Atlanta, Georgia-based independent metals marketplace, announced it raised $75 million in Series B funding led by SoftBank Vision Fund 2. This investment brings Reibus to total funding above $100 million and a valuation of $750 million.
Along with SoftBank Vision Fund 2, Reibus enjoys continued investment from Canaan Partners, Nosara Capital, Battery Ventures, Bowery Capital, Initialized Capital, and FJ Labs.
The fundraise will further fuel the company's rapid growth, including Expanding the marketplace and mobile app tools and services, accelerating new financial and logistical products, and expanding European business with new dedicated teams and resources.
Company: Reibus International, Inc.
Raised: $75.0M
Round: Series B
Funding Month: November 2021
Lead Investors: SoftBank Vision Fund 2
Additional Investors: Canaan Partners, Nosara Capital, Battery Ventures, Bowery Capital, Initialized Capital, and FJ Labs
Company Website: https://www.reibus.com/
Software Category: SaaS-enabled marketplace
About the Company: Reibus was founded in 2018 as the only independent and anonymous, SaaS-enabled marketplace, utilizing technology to solve ingrained supply chain problems in the industrial material market. Reibus uses its advanced technology and deep industry knowledge to revolutionize supply chain efficiency by shortening lead times, reducing inventory, and streamlining finance and freight services. For sellers, the Reibus platform is designed to maximize price-performance, minimize time to market, expand market reach and reduce sales and marketing-related expenses. For buyers, the Reibus marketplace increases selection and market transparency, while reducing the time and investment required to search for, identify, evaluate and procure materials.
Source: https://www.prnewswire.com/news-releases/reibus-secures-75m-series-b-funding-to-further-revolutionize-the-metals-supply-chain-ecosystem-301434391.html