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GoExpedi Raises $15M Debt Facility to Accelerate Market Expansion

May 06, 2020•over 5 years ago

Amount Raised

$15 Million

Houston

Description

GoExpedi, an innovative e-commerce, supply chain and analytics company that is reinventing procurement for industrial and energy MRO (maintenance, repair and operations), today announced it raised a $15 million debt facility from Silicon Valley Bank (SVB). The additional liquidity will be used to significantly expand GoExpedi’s warehouse capacity throughout North America and hire additional software developers to meet the accelerated demand for its innovative, cost-saving solutions.

Company Information

Company

GoExpedi

Location

Houston, Texas, United States

About

Launched in 2017 and based in Houston, Texas, GoExpedi provides over 200,000 critical parts and supplies with complete transparency on price, supplier choice and availability through its online e-commerce platform. The company’s innovative supply chain model has created a business that delivers the right part, at the right time, overcoming a fundamental challenge for the industry. Staffed by experts with oilfield management experience and backed by innovative technology, GoExpedi is able to deliver an incredible service at a lower cost than traditional suppliers. For more information, visit www.goexpedi.com.

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