A Silicon Valley-based company has cut the ribbon on its new Louisville operational headquarters.
Inxeption, an industrial commerce and supply chain digitization company, moved into its 18,000-square-foot office on the 29th floor of PNC Tower in Downtown Louisville. In June, I reported it planned to relocate to the tower from its 6,500-square-foot commercial space at Germantown Mill Lofts.
Founded in California in 2017, the company is an “industrial commerce super-app,” a secure and scalable cloud-based digital commerce platform that brings capital, data, products and services on-demand for industrial and supply chain businesses. It launched in Louisville in 2020.
“In the last two years, Inxeption has integrated itself into the business community in Louisville, a crucial logistics hub,” Josh Allen, Inxeption’s chief commercial officer and first Louisville employee, said in a news release. “We continue to undergo substantial growth, so we have strategically renewed our commitment to the city by relocating to a space that can scale as we expand our supply chain operations in support of more industrial businesses.”
The new space can accommodate the company’s planned growth to 200 local employees over the next five years, the release said. The Louisville branch grew from just Allen to about 40 employees in two years. Companywide, Inxeption has roughly 240 employees, Allen said in a previous interview.
The release said Inxeption is currently seeking local talent to join its offices in Louisville, Cupertino, Chicago and Atlanta.
“Congratulations to Inxeption on the opening of its new downtown headquarters, which continues its strong growth in our community,” Mayor Greg Fischer said in the release. “Louisville is rapidly upskilling its workforce through innovative partnerships with companies such as Microsoft, IBM and Humana, and strategic investments in proven programs such as Code Louisville. As result, companies like Inxeption can find the tech talent they need to grow while taking advantage of the competitive cost of business and central location that make Louisville the right fit for B2B companies.”
The company was interested in locating in Louisville because of the Kentucky’s strong manufacturing industry. The release said the state alone is home to 4,500 manufacturing related facilities that employ more than 260,000 workers.
Since the start of 2022, Inxeption has expanded its domestic logistics business by more than 180% on increased demand for real-time quoting and same-day truckload and LTL bookings, the release said. With Inxeption, industrial manufacturers secure multimodal shipments through a single user interface, eliminating time spent accessing multiple freight brokers and carrier websites. On the international side, the logistics business grew by 270% in the first half of 2022, as Inxeption supported both U.S. import and export business, and foreign to foreign lanes.
“I would like to welcome Inxeption’s continued investment in the commonwealth and the 200 jobs the company will create in the coming years,” Gov. Andy Beshear said in the release. “Innovative, tech-based companies are an important part of our continued effort to move Kentucky forward and create quality opportunities for our residents. I am glad Inxeption is part of that vision. I look forward to the company’s continued success in our state.”
Louisville-based Reese Design Collaborative, as well as Munson Business Interiors, provided their services to the project. Allen previously said the company will likely invest up to $1 million into the project.
Keith Sant, owner of Sant Commercial Real Estate, represented Inxpetion in the transaction. JLL Louisville leases the building.
Inxeption began the year by completing a $125 million Series E round at a pre-money valuation of $3 billion.
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