Wavecrest Growth and Espresso Capital led a $30m investment in HICX.

Wavecrest Growth, a growth equity firm, and Espresso Capital, a venture debt provider, led a $30m investment in HICX, a developer of supplier data management platform. “At the most basic level, companies deliver value to customers through the combined effort of their internal teams and suppliers. Companies often under-invest in the supplier experience – in making it easy for suppliers to deliver their best work. However, we’ve seen a significant shift recently and many of the world’s leading brands are investing in technology to address this and to become ‘customer of choice’ for as many of their suppliers as possible," Costas Xyloyiannis, HICX CEO and Co-Founder.