CincyTech leads $1.7 million round for local startup

Story excerpt provided by Cincinnati Business Courier.

Written by Andy Brownfield.

Supplier diversity platform ConnXus announced Tuesday that it had secured a nearly $1.7 million seed round.

The round was lead by local early-stage tech investor CincyTech and joined by New York-based Serios Change LP, STAR Angel Network and several individual angel investors.

The startup was also awarded a $500,000 loan from JobsOhio’s Innovation Ohio Loan Fund.

ConnXus uses its platform to connect minority- and women-owned suppliers to large companies. Its customers include McDonald’s Corp., Coca Cola, Harley-Davidson and Caesars Entertainment.

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Originally Published Wednesday, March 19, 2014.