We're proud to be an investor in ConnXus, a supplier diversity technology platform. Techstars Ventures led the $5M financing in ConnXus, with participation from Serious Change L.P., Impact America Fund and The Social Entrepreneurs' Fund (TSEF).
CEO Rod Robinson founded ConnXus as a result of his personal experience and frustration with the complexities associated with locating qualified diverse suppliers, tracking spending, tracking diversity certifications, and reporting reliable results in accordance with corporate and government mandates. ConnXus now solves this problem with its simple to use, cloud-based, technology platform.
We made a seed investment in ConnXus last year, and when Techstars launched several internal diversity initiatives – including the Techstars Foundation – we invited Rod to join the advisory board given his deep domain expertise. Rod has been a huge help to the Foundation. It's a classic #givefirst story of Rod helping out with the Foundation that enabled us to get to know him better and ultimately, led us to make a larger investment in ConnXus.
Not only does ConnXus align with our initiatives to serve high-performing, emerging technology companies, but it has created innovative software that directly improves diversity in the supply chain for startups and corporations.
Techstars Ventures is the venture capital arm of Techstars with $265 million under management. We primarily co-invest alongside venture capital and angel communities in Techstars accelerator program graduates, new companies started by Techstars alumni, and companies formed by Techstars mentors.
Welcome, ConnXus, to the Techstars family!
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