HICX Raises $30 Million in Funding
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.