GoExpedi Company Profile

Background

Company Overview

Founded in 2017 and headquartered in Houston, Texas, GoExpedi is revolutionizing the industrial supply chain by offering innovative end-to-end digital procurement, delivery, and data analytics solutions. The company provides over 200,000 critical parts and supplies with complete transparency on price, supplier choice, and availability through its online e-commerce platform. This digital ecosystem enables industrial users and manufacturers to achieve unmatched supply chain and procurement efficiencies, exposing previously unseen data and business insights.

Mission and Vision

GoExpedi aims to transform the industrial procurement landscape by delivering critical supplies and data to clients faster, smarter, and more efficiently than traditional suppliers. The company's vision is to become the leading national supplier of efficient, reliable, and cost-effective MRO products for all industrial sectors.

Industry Significance

By integrating advanced technology with deep industry expertise, GoExpedi addresses fundamental challenges in the industrial supply chain, such as inefficiencies in ordering processes and lack of transparency. The company's innovative approach has led to significant client procurement efficiency gains, with reported improvements of up to 90%.

Key Strategic Focus

Core Objectives

• Digital Transformation: Implementing a comprehensive digital procurement platform to streamline the ordering and delivery of MRO products.

• Supply Chain Optimization: Enhancing supply chain efficiencies through data analytics and strategic distribution networks.

• Market Expansion: Extending geographical reach to serve a broader range of industrial sectors across the United States.

Areas of Specialization

• Energy Sector: Providing tailored solutions for upstream, midstream, and downstream operations.

• Construction: Supplying essential parts and supplies to keep projects on time and within budget.

• Mining and Maritime: Offering specialized procurement services to maximize productivity and minimize industrial supply costs.

Key Technologies Utilized

• E-commerce Platform: A user-friendly online interface for easy and accurate ordering of MRO products.

• Data Analytics: Real-time analytics dashboards providing visibility into expenditure and supply chain performance.

• ESG Command Tool: An intelligence tool designed to drive environmental, social, and governance initiatives by identifying environmentally-friendly products and certified veteran, minority, and women-owned businesses.

Primary Markets Targeted

• Energy: Oil and gas companies requiring efficient procurement solutions.

• Construction: Firms needing timely delivery of critical supplies.

• Mining and Maritime: Industries seeking to optimize supply chain management and reduce costs.

Financials and Funding

Funding History

• Series A Funding (February 2019): Raised $8 million led by Crosslink Capital, alongside Bowery Capital, Blue Bear Capital, Hack VC, and SaaS Ventures.

• Subsequent Funding (September 2020): Secured $25 million to further expand operations and technology capabilities.

• Latest Funding (Date Not Specified): Closed on $33 million from investors including Tiger Global, Labyrinth Capital Partners, Cortes Capital, I2BF, and FJ Labs.

Total Funds Raised

As of the latest funding round, GoExpedi has raised a total of $108 million.

Notable Investors

• Crosslink Capital

• Bowery Capital

• Blue Bear Capital

• Hack VC

• SaaS Ventures

• Tiger Global

• Labyrinth Capital Partners

• Cortes Capital

• I2BF

• FJ Labs

Utilization of Capital

The funds have been allocated towards expanding geographical presence within the U.S., enhancing the technology platform, building out analytic capabilities, and entering new industrial sectors.

Technological Platform and Innovation

Proprietary Technologies

• E-commerce Platform: Offers over 200,000 critical parts and supplies with complete transparency on price, supplier choice, and availability.

• ESG Command Tool: An intelligence tool designed to drive environmental, social, and governance initiatives by identifying environmentally-friendly products and certified veteran, minority, and women-owned businesses.

Significant Scientific Methods

• Data Analytics: Utilizes real-time analytics dashboards to provide visibility into expenditure and supply chain performance, enabling predictive maintenance and proactive decision-making.

Leadership Team

Jonathan Hamilton

• Position: Chief Executive Officer (CEO)

• Professional Background: Co-founder of GoExpedi with extensive experience in industrial and energy equipment management.

• Key Contributions: Instrumental in developing the company's strategic vision and driving rapid growth since inception.

Jorge Ordonez

• Position: Chief Financial Officer (CFO)

• Professional Background: Brings a wealth of financial expertise to GoExpedi, overseeing financial strategy and operations.

• Key Contributions: Played a pivotal role in securing multiple funding rounds and managing financial growth.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within GoExpedi's leadership team.

Competitor Profile

Market Insights and Dynamics

The industrial procurement sector is experiencing a digital transformation, with increasing demand for transparent, efficient, and cost-effective solutions. The global energy logistics industry alone is valued at approximately $1.7 trillion.