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US Capital Partners Supports Launch of New e-Commerce Platform

Date: Dec 11, 2017 @ 07:00 AM
Filed Under: Industry News

US Capital Partners Inc. has been engaged by Intellibidder Corporation as its exclusive financial adviser for a $2 million senior secured convertible note issuance for the firm, as a bridge to an $11 million Series-A equity raise. US Capital Partners is a full-service private financial group headquartered in San Francisco, CA.

Intellibidder will use the new financing towards developing its proprietary Intellibidder platform, a B2B e-commerce technology software system that facilitates the buying and selling of bulk commercial-grade general goods. The platform aims to be a complete end-to-end system to facilitate bulk purchase transactions, for use in almost every applicable B2B high-volume industry.

"Using a proprietary, patent-pending algorithmic software system, Intellibidder aims to achieve maximum efficiency in the B2B marketplace," said Shams Merchant, President and CEO at Intellibidder. "We are very excited about our developing B2B e-commerce platform, and look forward to meeting strategic investors and other potential partners."

"We are delighted to be assisting Intellibidder with its financing needs," said Jeffrey Sweeney, Chairman and CEO at US Capital. "The opportunity to participate in Intellibidders $2 million convertible note raise is now open to eligible investors through our digital investment platform at www.uscgs.com."

James B. Baty, Ph.D., Senior Vice President at US Capital Partners, said: While buyer-side-only aggregation systems might experience diseconomies of scale when large lots can be filled only by large suppliers, the Intellibidder business architecture aims to offer a combined synergy of additional seller-side aggregation, targeting of standardizable commodity products, and centralized logistics and fulfillment attractive to both buyers and sellers. I believe this creates a notable competitive value proposition.

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