# ICIX, North America

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/icix-north-america

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.icix.com
- Total disclosed funding: $31M
- Latest round: Series C (Jul 22, 2014)
- Investors on record: 4

## About

ICIX, North America LLC provides a platform that enables organizations to streamline supply chain management and ensure compliance through enhanced visibility and collaboration across stakeholders.ICIX, North America LLC specializes in supply chain management solutions, focusing on compliance and risk mitigation. Founded in 2004 and headquartered in San Mateo, US, the company has closed a total of 7 deals. In October 2021, ICIX was acquired for an undisclosed amount by Riskonnect, Inc., a portfolio company of Thoma Bravo, furthering its strategic growth in the global market. Matthew Smith, the founder, has a history of entrepreneurship in technology and risk management sectors.ICIX, North America LLC offers an integrated platform designed to enhance supply chain visibility and compliance management. The company provides software solutions that facilitate collaboration among supply chain stakeholders, assisting organizations in meeting regulatory requirements and managing supplier risks efficiently. Its offerings target a variety of industries, ensuring a robust framework for supply chain transparency and operational efficiency.ICIX's revenue model is built around subscription-based services, where clients access the platform via contracts that typically span multiple years. This ensures clients benefit from ongoing software upgrades and support. Specific pricing details for the services are not publicly disclosed, but the model is designed to cater to businesses of varying sizes, fostering long-term client relationships and steady revenue streams.Following its acquisition in October 2021, ICIX, North America LLC is positioned to enhance its global growth strategy. The recent USD 15.50 mn funding from Arrowroot Capital will support the development of new products aimed at strengthening its ESG and supply chain analytics capabilities. The company plans to expand its services into new markets across North America, Europe, and Asia-Pacific by 2023, leveraging the resources and expertise of Riskonnect to accelerate these initiatives.

## Funding rounds

- Series C, Jul 22, 2014, $25M — Draper Fisher Jurvetson, Starfish Ventures, Wesfarmers, Vertical Venture Partners
- Series B, Oct 25, 2010, $6M — Draper Fisher Jurvetson, Starfish Ventures

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series C
- Starfish Ventures (https://capitalatlas.ai/funds/starfish-ventures) — Series B, Series C
- Wesfarmers (https://capitalatlas.ai/funds/wesfarmers) — Series C
- Vertical Venture Partners (https://capitalatlas.ai/funds/vertical-venture-partners) — Series C