# TOOLBX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/toolbx

- Industry: Internet
- Headquarters: Toronto, Canada
- Website: www.toolbx.com
- Latest round: Series A (Jun 14, 2021)
- Investors on record: 3

## About

TOOLBX Inc. is a technology company specializing in digital experience platforms for modern building suppliers, facilitating efficient online sales and order management for construction materials.TOOLBX Inc. was founded in 2018 in Toronto, Canada. The company provides a comprehensive e-commerce storefront tailored for building suppliers, enhancing their online sales capabilities. The firm has engaged in 4 deals, with the most recent funding round occurring on June 14, 2021, when it raised an undisclosed amount during a Series A funding event, led by returning investor FJ Labs. The company was co-founded by Chris Stringer and Erik Bornstein, the latter also serving as the CEO. TOOLBX offers a digital experience platform that includes an e-commerce storefront for construction materials, enabling building supply businesses to manage orders efficiently while integrating with existing ERP systems. It features a digital quoting tool, web-based messaging for improved communication, and product management capabilities, primarily catering to building suppliers in North America and Europe.TOOLBX's revenue model is based on subscription fees and transaction charges from its e-commerce platform, which facilitates online transactions for building supply retailers and wholesalers. The platform includes a secure payment system to minimize chargeback risks, although specific pricing plans are not disclosed.In the upcoming years, TOOLBX plans to introduce new product features to enhance its digital platform's functionality. The company aims to expand into new markets, particularly targeting regions experiencing construction growth in North America and Europe by 2023. The funds raised in June 2021 during the Series A round will be allocated towards these development and expansion initiatives.

## Funding rounds

- Series A, Jun 14, 2021 — FJ Labs
- Series A, Oct 5, 2020 — FJ Labs
- Seed, Sep 1, 2020 — Overton Venture Capital, Malex Enterprises
- Seed, Jan 28, 2019 — FJ Labs

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- Overton Venture Capital (https://capitalatlas.ai/funds/overton-venture-capital) — Seed
- Malex Enterprises (https://capitalatlas.ai/funds/malex-enterprises) — Seed