Cottrill Research, LLC

Digital Marketplaces in the News

Digital Marketplaces in the News

B2B marketplace launches and offering updates are not slowing down, demonstrating the importance of this supply related trend. Here are recent announcements organized by spend category.

Contingent Workforce

Fiverr Opens New Vertical Focused on Data Related Services

In March, freelance marketplace provider Fiverr announced its first vertical in over nine years dedicated to data related services. According to the press release, the new vertical gives businesses access to talent that can provide insights from data analysis and includes services such as storage solutions, data science, analysis and automations.

Logistics

Freightmango Expands Into North America

JOC.com reports (Eric Johnson) that India-based FreightMango is expanding to North America “to tap into online demand for forwarding services in an environment not tied to any single provider.” North America CEO Charley Dehoney told JOC.com, “FreightMango provides a managed marketplace for full container load (FCL), less-than-container load (LCL), customs clearance, trade finance, and cargo insurance.”

Multi-Category

Amazon Business Reaches $25 Billion in Worldwide sales

According to Amazon (March 15), Amazon Business, its B2B marketplace, is “now used by more than five million businesses, ranging from sole proprietors to multinational enterprises with tens of thousands of employees on a single account. Since launching in the U.S. in 2015, [they] have expanded to eight additional countries and reached $25 billion in worldwide annualized sales, more than half of which are from third-party sellers.”

Technology

Swappa Launches B2B Exchange

Swappa, a user-to-user marketplace for newish tech announced its new B2B Exchange, on April 9, which will is separate from Swappa’s end-user marketplace and is designed for business-to-business sales. “This new streamlined process will help businesses more efficiently acquire or sell inventory and ultimately generate more revenue and with significantly less fees than other B2B options that charge up to 10% in fees.”

Construction

Infra.Market Raises $100 Million in Series C Funding

Infra.Market, based out of Mumbai, is a one stop marketplace for construction material, with a focus on the infrastructure sector. “It is digitally transforming the construction material supply chain by aggregating the capacity of small manufacturers and adding a technology and services stack.” Infra.Market has raised $100 million in a growth round led by led by Tiger Global, valuing the procurement marketplace for construction materials at $1 billion.

Yesler Raises $3.3M for Its B2B Lumber and Building Materials Marketplace

Earlier this year, Yesler, a Seattle startup B2B marketplace for lumber and building materials, raised $3.3 million led by Tech Square Ventures with participation from PSL Ventures, SeaChange Fund, and Ascend.vc. Geekwire reports Yesler’s software aims to eliminate extra transactions and material movements between lumber suppliers and lumber buyers.

Photo by Lisheng Chang on Unsplash

 

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