Cymax Group
 | |
| Company type | Technology |
|---|---|
| Industry | eCommerce |
| Founded | 2004 |
| Founders | Arash Fasihi |
| Successor | Mike Herenberg |
| Headquarters | Burnaby, British Columbia , Canada |
Area served | International |
Key people | Markus Frind, Arash Fasihi |
Number of employees | 300 (2023) |
| Website | www |
Cymax Group Technologies Ltd. is a privately held eCommerce company headquartered in Burnaby, British Columbia, Canada. The Cymax Group of brands includes two retail websites, Cymax Business and Home Square, which sell furniture and decor; plus Freight Club and Channel Gate, which are eCommerce logistics and technology enablement platforms.
History
[edit]Cymax Group was founded in 2004 by Arash Fasihi[1] as an online retailer. The company developed a vendor portal and around 170 micro-sites. Currently, Cymax Group operates two online retail properties, Cymax Business and Home Square.
A Series A funding round in 2015, led by Frind Holdings, Salman Partners and BDC Capital Corporation, brought the organization's total funding amount to $25 million.[2]
The same year, the company launched Freight Club in the US with 100+ carriers offering nationwide drop shipping services at enterprise rates. Freight Club offers application programming interfaces that integrate with core systems. In 2020, Freight Club launched a cart-level, real-time shipping quote integration on the Shopify app store.[3]
In 2018, the company launched Channel Gate, offering a digital supply chain platform for furniture manufacturers.
Ratings
[edit]- 2007 – Ranked 247th in the Internet Retailer Top 500 Internet Companies index [4]
- 2008 – Ranked 200th in the Internet Retailer Top 500 Internet Companies index[5]
- 2009 – Ranked 167th in the Internet Retailer Top 500 Internet Companies index[6]
- 2010 – Ranked 168th in the Internet Retailer Top 500 Internet Companies index[7]
References
[edit]- ^ Meisner, Jeff. "Cymax Stores: The Little Online Furniture Shop That Could". E-Commerce Times. Retrieved 12 July 2017.
- ^ "Cymax Raises $25 Million Series A to Revolutionize Furniture E-Commerce". Market Wired.
- ^ "Freight Club launches real-time shipping and rate calculator at checkout on Shopify App Store".
- ^ Diversity helped Cymax Stores grow Q4 web sales by 60%
- ^ Executing the basics helps Cymax Stores go head to head with bigger rivals
- ^ "Cymax Stores web sales up despite the housing downturn". Digital Commerce 360. 2008-07-09. Retrieved 2017-08-17.
- ^ The Top 500 List – Internet Retailer Magazine