PunchOut2Go Receives Significant Growth Investment From Susquehanna Growth Equity

By Reeves Simmons.
Updated Jun 16, 2021

CHARLOTTESVILLE, Va. (PRWEB) June 16, 2021 - PunchOut2Go, a global provider of transaction automation solutions for business-to-business (B2B) commerce, announced today that it has received a significant investment from Susquehanna Growth Equity, LLC ('SGE'). This is the first external investment in PunchOut2Gos history and furthers the companys mission to make it easy for B2B suppliers and buyers to transact online.

PunchOut2Gos integration platform as a service (iPaaS) offering which connects suppliers ecommerce platforms to the eProcurement systems used by corporate buyers automates B2B transactions and eliminates manual work related to processing corporate orders for goods ranging from medical supplies to heavy equipment. PunchOut2Gos customers benefit from increased automation, reduced processing costs, and higher customer satisfaction. The company facilitated over $200 billion in transaction volume and over 30 million transactions in 2020 for global customers including Lowes, Herman Miller, Coupa, VCA Animal Hospitals and GE Healthcare.

Since our inception, weve been at the center of reducing transaction friction between buyers and sellers, said Brady Behrman, Co-Founder and Chief Strategy Officer of PunchOut2Go. We now have the leadership team and resources in place to grow our business to extend the value we deliver to current and new customers. Moreover, the COVID-19 pandemic has dramatically accelerated the shift to online in B2B commerce. I could not be more excited for whats to come for PunchOut2Go.

As part of the transaction, Troy Lynch and Steve Shaffer will assume the roles of CEO and President/COO, respectively. 'We are humbled by what Brady and the team have built, and incredibly excited to partner with the Susquehanna Growth Equity team,' said Troy Lynch. 'SGEs investment will be used to extend our platform, support deeper connections with our customers and their trading partners, and expand our teams global footprint so we can better serve PunchOut2Gos global network of customers and partners.'

'We are thrilled to partner with PunchOut2Go, said Ben Weinberg, Managing Director at SGE. B2B commerce is moving online at an incredibly rapid pace. At the same time, its difficult for buyers and suppliers to connect their systems. PunchOut2Go makes these connections easy, which is why thousands of suppliers and buyers use PunchOut2Go to connect with their trading partners. We look forward to supporting Troy, Steve, Brady and the rest of PunchOut2Go team in the next phase of the companys growth.

ABOUT PUNCHOUT2GO

PunchOut2Go is a global B2B integration company specializing in connecting commerce business platforms with eProcurement spend management and enterprise resource planning applications, allowing companies worldwide to streamline purchasing processes and transact electronically. PunchOut2Gos flexible iPaaS technology links business applications to automate the flow of purchasing data and reduces integration complexities for PunchOut catalogs, electronic purchase orders, eInvoices, and other B2B sales order automation documents to accelerate business results. Learn more at https://www.punchout2go.com/.

ABOUT SUSQUEHANNA GROWTH EQUITY

Susquehanna Growth Equity, LLC (SGE) is an entrepreneur-centric growth equity fund with flexible capital and time horizons. SGE is exclusively focused on growth-stage software, internet, and information services companies. The firm has invested over two billion dollars in 60+ market-leading technology companies over the last 15 years and has portfolio companies across the US, Canada, EU, and Israel. SGE is backed by a unique and patient source of capital, enabling the firm to give entrepreneurs and management teams freedom and flexibility to maximize growth. To learn more, please visit http://www.sgep.com.

Media Contacts

For PunchOut2Go Kari Cress kari.cress@punchout2go.com 888-623-2374

For Susquehanna Growth Equity Gasthalter & Co. sge@gasthalter.com (212) 257-4170