PegEx™, Inc. Closes $8 million Series B
Plymouth Growth Partners leads funding round to accelerate launch of new SaaS platform
Madison, Wisconsin – May 14, 2018 – Today, PegEx™, Inc. announced it closed its Series B investment round led by Ann Arbor, Michigan-based Plymouth Growth Partners. Existing Milwaukee based investor, Capital Midwest Fund, and Madison based investor, WISC Partners, also participated in the round.
“PegEx is rapidly establishing a leading position with their software platform for the hazardous waste and chemical markets” said Plymouth Partner Evan Ufer. “The team’s operating history and knowledge base gives them an advantage in solving key customer issues and delivering value in these markets”.
Eric Apfelbach, President and CEO of PegEx, Inc. commented; “We are very excited to have Plymouth as a new investor. Their team’s operational and SaaS (Software as a Service) experience will be invaluable as we go through our next phase of growth.”
PegEx, Inc. grew its business over 60% from 2016 to 2017. With its new integrated software solution, aimed at the waste and chemical industries, PegEx is primed to revolutionize the waste disposal and chemical distribution lifecycle, automating the entire process of documenting, transporting, and disposing of waste. The company will use the new Series B capital to further accelerate the development, sales, and marketing of these new software solutions.
Pegex™, Inc. is a rapidly growing, technology-enabled solutions provider that is disrupting the waste disposal and chemicals workflow across the US and Canada. The PEGEX PLATFORM™ provides a set of productivity modules that accelerate the process of ordering, tracking, recycling, and disposing of hazardous and off-spec waste, with compliance every step of the way. The platform taps extensive rules and data to enable real-time business and operating decisions. Any Waste. Any Place™. Learn more at www.pegex.com.
About Plymouth Growth Partners
Plymouth Growth Partners invests in growth stage businesses throughout the Great Lakes region. With over 100 years of combined investing experience, Plymouth takes a flexible approach to partnering with management teams, helping to drive growth, build value and realize full potential. Plymouth focuses on B2B product and services companies that have scalable technology and proven growth. Based in Ann Arbor, Michigan, Plymouth Growth Partners has over $150 million under management and is actively investing out of its fourth fund. For more information on Plymouth Growth Partners and its investments, please visit www.plymouthgp.com.
President and CEO, PegEx. Inc.