Reibus, a leading independent metals marketplace, announced the appointment of Jared Rowe as its new Chief Executive Officer (CEO) and Chairman of the Board. The company also revealed $30 million in new round of funding.
Funding News
Reibus 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.
This investment will be essential in enhancing the proprietary platform, expanding product offerings, and renewing the focus on delivering exceptional service and reliability to customers in North America. With this funding round, Reibus is committed to meeting and exceeding customer needs through continued innovation and dedicated support.
Jared Rowe
Rowe has over two decades of executive experience in the technology and marketplace sectors and will advance Reibus’ mission to revolutionize the industrial materials supply chain.
Rowe has solid transformative leadership and operational expertise within technology and marketplace sectors positions him as the ideal leader for Reibus. And Rowe’s background includes key leadership roles at AutoWeb, YP.com, Cox Automotive, and FordDirect, where he successfully spearheaded numerous digital transformation projects and marketplace expansions. His deep expertise in building and scaling technology-driven platforms makes him the ideal candidate to lead Reibus in this next chapter.
KEY QUOTES:
“We’re thrilled to have Jared join us as CEO of Reibus, and we’re excited about the future. This investment marks an exciting new chapter, and we are eager to support Reibus’ continued growth and innovation. We believe the company is well-positioned to deliver exceptional value to the metals industry.”
- Hrach Simonian, general partner at Canaan
“I am honored to join Reibus at such a pivotal time in its growth journey. The steel industry is an important and vibrant part of the US economy. At Reibus, we are focused on helping buyers and sellers of steel, and other selected industrial metals, be more efficient and effective, while also increasing profitability. It’s our clients’ needs that drive our investments to enhance our technology and streamline operations. It’s through these strong partnerships that our talented team at Reibus will activate the full potential of an integrated, independent, and highly active marketplace at scale for the steel and industrial metals industry.”
- Jared Rowe, CEO of Reibus
