Name: Conexiom Announces $130M Growth Investment From Warburg Pincus
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Conexiom Announces $130M Growth Investment From Warburg Pincus

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and , /PRNewswire/ --&nbsp;Conexiom, the leading SaaS provider of sales order and invoice automation solutions, today announced a growth investment from Warburg Pincus, a leading global growth investor. Warburg Pincus is joining existing investors Luminate Capital, who retains a majority stake, and ICONIQ Growth.Conexiom's platform delivers touchless AP and Sales Order processing capabilities to manufacturers and distributors and is the only vendor that automates these key processes with 100 percent data accuracy. Annually, more&nbsp;than of order to cash and procure to pay transactions are manually processed in and Europe.&nbsp; Conexiom eliminates expensive and error-prone manual processing, enabling customers to deliver a superior customer experience. &nbsp;Modern businesses use Conexiom to redeploy resources to activities that deliver greater profitability, expedite order cycle time, and deliver orders on time and in full. Over in business-to-business transactions are processed on the Conexiom platform annually."Conexiom's customers face growing challenges that are accelerating the need for automation solutions.&nbsp; Our platform is mission critical to our customers, helping them automate and scale their order to cash and procure to pay processes," said , President and CEO, Conexiom. "This investment is great validation of our people, platform and market leadership and will help us accelerate product investment to meet growing market demand."Conexiom Chairman and Luminate Operating Partner, , noted, "Since Luminate's investment in 2018, Conexiom has grown over 6x and I truly believe we are just getting started. &nbsp;I'm tremendously excited about what the future holds.""As the demand for SaaS-based systems grows, we continue to see significant growth opportunity for companies like Conexiom. Our investment underscores our long-term commitment to investing strategically in market-leading, B2B software businesses," said , Managing Director, Warburg Pincus. "We are incredibly excited to partner with Ray and the rest of the Conexiom team to build upon their success and help expand their offerings in this dynamic and growing market," added , Vice President Warburg Pincus., Managing Partner of Luminate Capital, commented, "When we acquired Conexiom in 2018 we had real conviction that we were in the early innings of B2B automation. Conexiom solves key problems for customers of all sizes.&nbsp; We are excited to partner with Warburg Pincus as we enter this next phase of growth." "Conexiom's product has been the foundation of its success and growth to date&nbsp;and will continue to be as the company expands its platform to address additional customer requirements," added , Partner at Luminate Capital.Blake, Cassels &amp; Graydon LLP and Kirkland &amp; Ellis served as legal counsel to Conexiom. Goodwin Procter LLP served as legal counsel to ICONIQ Growth. Orrick, Herrington &amp; Sutcliffe LLP and Stikeman Elliott LLP served as legal counsel to Warburg Pincus. served as financial advisor to Conexiom.&nbsp;&nbsp;About Conexiom Conexiom is the only SaaS platform that delivers automation outcomes across order to cash and procure to pay processes with 100% accuracy.&nbsp; Manufacturers and distributors across the globe, such as Grainger, Genpak, Prysmian, Rexnord, USESI, and Compugen trust Conexiom to deliver touchless order processing with 100% data accuracy to eliminate unnecessary cost and resource burdens, and to redeploy human capital to provide the highest levels of customer service. Conexiom is based in , and has offices in , and For more information, visit&nbsp;www.conexiom.com.About Warburg Pincus Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than in private equity assets under management. The firm's active portfolio of more than 205 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Warburg Pincus has invested more than in technology companies since inception and is one of the most active growth investors in enterprise technology and cloud-based platforms. Notable technology investments include Avalara, Assent Compliance, Clearwater Analytics, CrowdStrike, Salsify, and Samsara. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than in over 940 companies in more than 40 countries. The firm is headquartered in with offices in , , , , , , , , , , São Paulo, , and . For more information please visit www.warburgpincus.com.About Luminate Capital Luminate Capital Partners is a private equity firm focused on making investments in growth oriented enterprise software companies. Luminate partners with management teams to provide capital to drive strategy, growth, and operational improvements.&nbsp; Luminate's portfolio of market leaders has included AutoQuotes, Axonify, Compliance &amp; Risks, Fintech, LiquidFrameworks, MSI Data, Oversight Systems, Quantivate, PDI, StarCompliance, and Thought Industries.&nbsp; For more information, visit www.luminatecapital.com.About ICONIQ Growth ICONIQ Growth partners with exceptional entrepreneurs and leaders who drive global impact and change. We are inspired by visionaries defining the future of their industries by building company cultures that endure. Our unique investment platform harnesses the power of ICONIQ Capital's vibrant ecosystem of founders, pioneers, and business leaders with the goal of delivering tangible value and amplifying our portfolio companies' success from early growth stage to IPO and beyond. ICONIQ Growth's portfolio of innovators includes Adyen, AirBnB, Alibaba, Alteryx, Automattic, BambooHR, Braze, Chime, Collibra, Coupa, Datadog, Docusign, Gitlab, Marqeta, Miro, Procore, Red Ventures, Relativity, ServiceTitan, Snowflake, Sprinklr, Truckstop, Uber, Wolt, and Zoom, among others. For more information and a complete list of portfolio companies, please visit ICONIQGrowth.com.Contact for ConexiomContact for Warburg PincusContact for Luminate 914-834-4334SOURCE ConexiomSign up to get delivered to your inbox weekly!

and , /PRNewswire/ --&nbsp;Conexiom, the leading SaaS provider of sales order and invoice automation solutions, today announced a growth investment from Warburg Pincus, a leading global growth investor. Warburg Pincus is joining existing investors Luminate Capital, who retains a majority stake, and ICONIQ Growth.Conexiom's platform delivers touchless AP and Sales Order processing capabilities to manufacturers and distributors and is the only vendor that automates these key processes with 100 percent data accuracy. Annually, more&nbsp;than of order to cash and procure to pay transactions are...

Conexiom Announces $130M Growth Investment From Warburg Pincus

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