US-based industrial metals marketplace Reibus secured $75m in a series B round led by internet and telecommunications group SoftBank’s Vision Fund 2 on Tuesday at a valuation of $750m.
The round was filled out by Canaan Partners, Battery Ventures, Nosara Capital, Initialized Capital, Bowery Capital and FJ Labs, bringing the company’s total funding to over $100m.
Founded in 2018, Reibus operates an online marketplace where businesses can buy and sell metals and industrial materials. The capital will be used to accelerate development of new financial and logistics products, expand its business in Europe and further develop its platform and mobile app.
Canaan Partners and Nosara Capital had co-led a $20m funding round for the company in June this year, following an undisclosed amount of funding from unnamed investors in January 2020.
Reibus had already raised a reported $3.25m in a seed round led by Bowery Capital and backed by Initialized Capital and Stage 2 Capital in October 2019.
