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Utrecht-based Channext, a Software-as-a-Service platform that makes an online connection between vendors and business partners, announced on Tuesday, September 27, that it has raised €4.5M in a Series A round of funding.
The investment was led by Holland Capital, who invested together with the Graduate Entrepreneur Fund and current investors.
Capital utilisation
Channext says that with the raised funding, it aims to become the European market leader and connect its first US customers.
Rick van den Bosch, CEO of Channext, says, “Our ambition is to grow to 10,000 business partners. We’re launching with two vendors in the US this month, and aim to significantly grow that number over the coming 18 months.”