Reibus is a SaaS-enabled online B2B marketplace for prime and excess materials used in industrial markets.
Reibus' mission is to lead with technology, to solve ingrained supply chain problems in the industrial material market.
Reibus was founded in 2018 by John Armstrong, with John Blount and Jon Haley. The company is headquartered in Atlanta, Georgia.
Reibus’s marketplace connects buyers and sellers of steel and aluminum, anonymously matching them to find the optimal deal and pocketing the excess amount that the seller is willing to pay.
Reibus uses its advanced technology and deep industry knowledge to revolutionize supply chain efficiency by shortening lead-times, reducing inventory, and streamlining finance and freight services.
Reibus' platforms allow them to match supply and demand for existing and future demand of materials while achieving greater reach, price performance and efficiency relative to the fragmented network of physical distribution centers, brokers and dealers that have traditionally served this market.
Reibus is backed by SoftBank Vision Fund 2, Cannan Partners, Nosara Capital, Battery Ventures, Bowery Capital, Initialized Capital, FJ Labs, Stage 2 Capital, and others. The company raised $75M in Series B round on Nov 30, 2021. This brings Reibus' total funding to $101.7M to date. The latest round valued the company at $750M post-money.