Reibus
Assembly Line
Reibus Welcomes Jared Rowe as New CEO and Chairman of the Board
Reibus International, Inc., the leading independent metals marketplace, announced the appointment of Jared Rowe as its new Chief Executive Officer (CEO) and Chairman of the Board. Rowe brings over two decades of executive experience in the technology and marketplace sectors and will advance Reibus’ mission to revolutionize the industrial materials supply chain. The company also announced $30 million in new funding in a combination of equity and debt from existing investors, including Canaan and Nosara, with HSBC as its banking partner, to fuel its next phase of growth and innovation.
Reibus Secures $75M Series B Funding to Further Revolutionize the Metals Supply Chain Ecosystem
Reibus, the independent metals marketplace, announced it raised $75M in Series B funding led by SoftBank Vision Fund 2. This latest funding round comes as Reibus enjoys its third year, and its strongest year yet, with revenue up more than 7x over 2020.
This investment brings Reibus to total funding in excess of $100 million and a valuation of $750 million. Along with SoftBank Vision Fund 2, Reibus enjoys continued investment from Canaan Partners, Nosara Capital, Battery Ventures, Bowery Capital, Initialized Capital, and FJ Labs. The fundraise will further fuel the company’s rapid growth, including: Expanding the marketplace and mobile app tools and services, Accelerating new financial and logistical products, Expanding European business with new dedicated team and resources.