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Reibus Raises $75 Million in Funding钣金展-激光展-2022年第二十三届广州国际激光设备及钣金工业展 -2022 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
12/1/2021  钣金展-激光展- Laser expo, Sheet Metal Industry expo
Reibus has raised $75M in Series B funding led by SoftBank Vision Fund 2. This latest funding round comes as Reibus enjoys its third year, and its strongest year yet, with revenue up more than seven times over 2020.

"Industrial materials such as steel and aluminum is a $2 trillion market globally but remains highly fragmented, which can create supply chain disruptions and price volatility," said Andrew Straub, investment director at SoftBank Investor Advisers. "We believe that Reibus is helping to solve this challenge with its independent, SaaS-enabled marketplace, which provides greater transparency and flexibility to buyers and sellers alike. We are delighted to be partnering with John Armstrong and the team to support its goal to revolutionize supply chain efficiency."

This investment brings Reibus to total funding in excess of $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 funding will further fuel the company''s growth, including, expanding the marketplace and mobile app tools and services; accelerating new financial and logistical products; and expanding European business.

"We''re excited to add SoftBank Investment Advisers to our team of world-class investors," said John Armstrong, founder and CEO of Reibus. "Reibus offers great solutions to longstanding problems, however it is our team that is the real secret to our success."

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