"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.