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Felux logo — Solving commerce for the industrial world. Felux is a b2b ma...

Felux

Solving commerce for the industrial world. Felux is a b2b marketplace and platform for the steel industry

Founded 2018 United States Cleveland, United States 30 employees Series A Total: $24.10M B2B, Logistics +2

General Information

Company Name Felux
Founded Year 2018
Location United States Cleveland, United States
Employees 30
Industries B2B, Logistics, Marketplaces +1
Funding Stage Series A
Social

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About Felux

Felux is a B2B marketplace and platform for the steel industry that aims to revolutionize how organizations manage their steel supply chain. Founded in 2019 and headquartered in the United States, Felux offers a comprehensive solution for sourcing, procuring, shipping, financing, and analyzing every steel transaction on a single platform. The company's slogan "Solving commerce for the industrial world" encapsulates its mission to drive efficiency, enhance visibility, and facilitate communication for users. Felux's team comprises experienced steel professionals dedicated to creating efficiencies and leveraging the power of information to drive cost savings, find new customers, and gain greater visibility into organizations' supply chains. In the latest milestone, Felux secured a significant $19.00M Series A investment on 02 June 2022, attracting backing from notable investors including Expa, 8VC, Lightbank, Signia Venture Partners, Jumpstart Ventures, Suffolk Technologies, and Takeoff Capital. This investment reflects confidence in Felux's potential to disrupt the steel industry and drive digital transformation. For organizations seeking to optimize their steel supply chain, Felux presents an opportunity to leverage cutting-edge technology and industry expertise, positioning itself as a pivotal player in the future of industrial commerce. Join the movement at felux.com and unlock the benefits of a streamlined and technologically advanced steel supply chain management.

Taxonomy: B2B marketplace, Supply chain platform, Steel industry, Digital transformation, Business intelligence, Relationship management, Market research, RFQ management, Inventory management, Contract management, Industrial sector, Procurement, Cost savings

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $19.00M 8
Expa 8VC Lightbank
Expa, 8VC +6
02 Jun 2022
Series A Undisclosed 1
Takeoff Capital
Takeoff Capital
01 Jan 2022
Seed Round $5.10M 1
8VC
8VC
23 Aug 2021

Felux Alternatives & Competitors

View All Alternatives
Felux vs
SimpleMarket Inc. (BetaStore.co)
SimpleMarket Inc. (BetaStore.co) United States

B2B marketplace platform solving the challenges of restocking and financing for neighborhood retaile...

Series A
83 employees
B2B, E-Commerce
Felux vs
Synthium Health
Synthium Health United States

Connecting healthcare buyers and sellers on a unified platform

Seed
6 employees
Analytics, B2B
Felux vs
ProcMart
ProcMart India

Pioneering Procurement, Powering Progress

Series B
496 employees
B2B, Internet
View all alternatives

FAQ About Felux

Solving commerce for the industrial world. Felux is a b2b marketplace and platform for the steel industry
Felux was founded in 2018.
Felux is headquartered in Cleveland, United States.
Felux operates in B2B, Logistics, Marketplaces and Supply Chain. Its work centres on B2B marketplace, Supply chain platform, Steel industry and Digital transformation.
Felux has approximately 30 employees.
Felux has completed 3 funding rounds, raising a total of $24.10M. The latest funding stage is Series A.
Top alternatives and competitors to Felux include SimpleMarket Inc. (BetaStore.co), Synthium Health, ProcMart, need2buy, Gearflow. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Felux and SimpleMarket Inc. (BetaStore.co) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Felux, https://bouncewatch.com/company/felux, updated 2 December 2024. When citing, please name BounceWatch and link this page.

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