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HICX raises $30M to help companies optimize supplier experience

Yahoo Finance

HICX, the leading Supplier Experience Management provider, is announcing a $30 million investment led by Boston, US-based growth equity firm Wavecrest Growth Partners and Toronto-based venture debt provider Espresso Capital.

HICX’s low-code/no-code SaaS platform and applications enable large companies full visibility into their supplier ecosystems and interactions, building resilient and competitive supply chains. Unilever, Mondelez, BAE Systems, Baker Hughes, and Lenovo, among other mega-brands, use HICX as a single source of truth for supplier data and the focal point for supplier interactions.

CEO and Co-founder of HICX, Costas Xyloyiannis, said, “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.”

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