Lbmx
LBMX Inc. operates a B2B marketplace and integration platform that connects buying groups, independent businesses, and suppliers through EDI, APIs, and modular applications covering rebate management, PIM, analytics, billing, and eCommerce. The London, Ontario-based company reports 40,000+ connected independents across multiple verticals.
- Company typePrivate
- Founded2012
- HeadquartersLondon, Canada
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Lbmx does
LBMX Inc. is a privately held Canadian B2B technology company headquartered in London, Ontario, that operates a marketplace and integration platform purpose-built for buying groups, their independent business members, and the suppliers who sell to them. The platform combines application modules (Private Group Marketplace, Product Information Management, Analytics, Rebate Management, Central Billing, B2B eCommerce, National Accounts) with EDI document exchange and APIs to connect the procurement-to-payment cycle end-to-end, enabling buying groups to administer rebate programs, distribute product data, manage national accounts, and settle billing centrally while giving independents and suppliers a single connection for transacting electronically. The company reports having connected more than 40,000 independent businesses, their groups, and their suppliers across verticals including building materials and timber, home improvement, books, food equipment, athletic equipment, and agriculture.
LBMX generates revenue primarily through subscription licensing for its platform modules, supplemented by connection and integration fees for EDI, VAN, FTP/SFTP, and API access, plus optional on-site professional services billed at customer expense. Pricing is quote-based and documented in Order Forms with monthly billing on net-30 terms; the company reserves the right to adjust fees with 60 days' prior written notice, and late amounts accrue at 1.5% per month. Go-to-market is enterprise field sales — the public site features "Request a Demo" and "Schedule a Presentation for Your Board" calls to action — targeting buying-group executives, with the annual Accelerate Executive Summit functioning as a category-defining thought-leadership channel. A parallel self-serve channel exists through LBMX Supply Cloud for buyers and sellers transacting directly.
The company was founded in 2012, employs between 101 and 250 people, and is governed under the laws of the Province of Ontario. In January 2022 it executed its principal strategic inorganic move to date, acquiring Buying Group Services (BGS) in an all-shares transaction to extend managed services and vertical reach among independents. Leadership is led by Greg Dinsdale as President & CEO. The company remains privately held with no disclosed institutional investors, no public listing, and no disclosed funding rounds in the available record.
Lbmx firmographics
Firmographics- Name
- Lbmx
- Legal name
- LBMX Inc.
- Website
- https://lbmx.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- LBMX Inc. operates a B2B marketplace and integration platform that connects buying groups, independent businesses, and suppliers through EDI, APIs, and modular applications covering rebate management, PIM, analytics, billing, and eCommerce. The London, Ontario-based company reports 40,000+ connected independents across multiple verticals.
- Ownership category
- akta.pro rank
Lbmx industry classification
Industry- Product category
- B2B Marketplace / Procurement Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- B2B Marketplaces & Wholesale Platforms (BPAMAGAD)
- akta.pro secondary industries
- Wholesale/B2B Generalist Marketplaces (CRAFAAAF), Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC)
Keywords
Where Lbmx is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Lbmx business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription Licensing: LBMX offers subscription-based access to the LBMX Solutions platform. Fees are set out in Order Forms, invoiced monthly or according to billing frequency stated in the Order Form. Payment is net 30 days from invoice date.
- Connection and Integration Fees: Accessing connection methods such as web portals, direct connection, VAN, FTP/SFTP, or API may require additional fees beyond the base subscription.
- Professional Services: On-site visits for training and other requested visits billed at customer expense including travel, lodging, meals, and incidental expenses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Enterprise subscription for Buying Groups, Sellers, and Buyers |
| Subscription | Monthly | Connection and API access fees |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Lbmx product offering
Product offeringCore offering
LBMX operates a B2B marketplace platform that connects independent businesses, suppliers, buying groups, and GPOs through one connection, enabling electronic transactions, eInvoicing, rebate optimization, product information management, analytics, and B2B eCommerce. The platform combines applications and EDI in a fully serviced solution built specifically for the buying group ecosystem, tracking member purchases in real time by category, line, and SKU.
Product overview
LBMX is a B2B technology platform that operates as the world's only buying group marketplace, connecting independent businesses, suppliers, buying groups, and GPOs in one integrated platform. The platform offers a unified architecture comprising core solutions (LBMX Trade for buying group member transactions, and LBMX Supply Cloud for buyer-seller transactions), combined with specialized modules across three segments: Groups (Private Group Marketplace, Product Information Management, Analytics, Rebate Management, Central Billing, B2B eCommerce, and National Accounts); Independent Businesses (Connecting to Your Buying Group, LBMX Marketplace, and OneConnect); and Suppliers (LBMX Marketplace, Product Information Management, B2B eCommerce, and OneConnect). The platform delivers B2B eCommerce, integrated eInvoicing, intelligent rebate optimization, streamlined PIM solutions, and powerful reporting and analytics in a fully connected supply chain.
Differentiator
Problem solved
Functional benefit
Brands
- LBMX Trade: Platform allowing Buying Groups to provide electronic solutions for transmitting, receiving, and viewing Content, and allowing Buyers and Sellers to transact electronically.
- LBMX Supply Cloud
Products and services
- LBMX Solutions A comprehensive hosted B2B technology suite including the solution center, document center, e-commerce marketplace, EDI capabilities, APIs, and integrations for connecting to LBMX services and third-party ERP solutions, designed for buying groups, sellers, and buyers.
- LBMX Trade Allows buying groups to provide an electronic solution to their members for transmitting, receiving, and viewing content, and allows buyers and sellers to transact electronically across the procurement-to-payment cycle.
- LBMX Supply Cloud Allows buyers and sellers to transact electronically through the LBMX marketplace, with document exchange, payments, and payment data handling across the procurement-to-payment cycle.
- LBMX Groups Solution (Private Group Marketplace) Private marketplace solution for buying groups to manage their members' purchasing, with integrated capabilities for product information management, analytics, rebate management, central billing, B2B eCommerce, and national accounts.
- LBMX for Independent Businesses Solutions for independent businesses to connect to their buying groups, access the LBMX Marketplace, and use OneConnect for B2B transactions and real-time purchasing data.
- LBMX for Suppliers Marketplace presence, product information management, B2B eCommerce, and OneConnect integration for suppliers to list and sell products to buying groups and their independent members.
Quantifiable outcome
- Connected 40K+ independent businesses to buying groups and suppliers
Companies that use Lbmx
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles3 records
Lbmx technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature13 records
Lbmx partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Buying Group Services (BGS)coreLBMX acquired Buying Group Services (BGS) in an all-shares transaction effective January 1, 2022. The acquisition combined two firms that assist independent businesses, with LBMX expanding its managed services and platform solutions. The deal aimed to strengthen LBMX's presence across various industry verticals and provide enhanced services to customers.
Scale indicators1 record
Recent moves6 records
Expansion highlights6 records
Lbmx competitors and assessment
Company assessmentDirect peers
- Procurify: Mid-market B2B procurement and AP automation platform serving buying groups and multi-location independents; comparable in providing subscription-based spend management, invoicing, and supplier connectivity for similar SMB and group customer profiles.
- Basware: AP automation, e-invoicing, and B2B procurement network operator; directly comparable to LBMX on the invoice/document exchange, central billing, and B2B eCommerce connectivity dimensions of the platform.
- Mirakl: B2B marketplace platform provider enabling organizations to launch their own third-party seller marketplaces; comparable to LBMX's private group marketplace architecture and supplier onboarding/onboarding tooling.
- Ivalua: Procure-to-pay and supplier management platform with strong supplier collaboration and invoicing capabilities; overlaps with LBMX's procurement, invoicing, and supplier connectivity modules for mid-market and group buying organizations.
- Marketplacer: Marketplace technology vendor that powers multi-seller B2B and B2C marketplaces for operators and buying groups; comparable in providing the underlying marketplace infrastructure that LBMX operates for its groups.
Broad incumbents
- SAP Ariba: Enterprise procurement and B2B network with deep invoicing and supplier collaboration capabilities; overlaps with LBMX's e-invoicing and supplier connectivity but is built for large enterprises rather than independent buying groups.
- Coupa Software: Large enterprise B2B spend management platform offering procurement, invoicing, and supplier management; competes broadly with LBMX at the upper end of the buying-group market but lacks LBMX's buying-group specialization.
- Amazon Business: Large-scale B2B marketplace and procurement platform serving organizations of all sizes; comparable as a B2B marketplace destination and an alternative channel that competes with LBMX's supplier marketplace for independent business purchasing.
Emerging players
- Fairmarkit: AI-driven B2B sourcing and procurement automation platform focused on tail spend; comparable as an emerging procurement technology vendor that addresses portions of LBMX's supplier sourcing and eCommerce workflow.
- Taulia: Working capital, invoicing, and supplier finance platform integrated into procurement workflows; comparable to LBMX's central billing and rebate/invoice-driven financial workflows for B2B buyers and suppliers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Lbmx social profiles
Digital presenceLbmx financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lbmx leadership team
Management profileNumber of profiles
Profiles1 record
Lbmx subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lbmx funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lbmx M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lbmx
What does Lbmx do?
LBMX operates a B2B marketplace platform that connects independent businesses, suppliers, buying groups, and GPOs through one connection, enabling electronic transactions, eInvoicing, rebate optimization, product information management, analytics, and B2B eCommerce. The platform combines applications and EDI in a fully serviced solution built specifically for the buying group ecosystem, tracking member purchases in real time by category, line, and SKU.
Is Lbmx a public or private company?
Lbmx is a private company. It is classified as unknown and is currently operating.
When was Lbmx founded?
Lbmx was founded in 2012. It employs 101 to 250 people.
Where is Lbmx based?
Lbmx is headquartered in London, Canada, in the North America region.
How does Lbmx make money?
Three revenue lines are on record. Subscription Licensing is the primary driver. The others are connection and Integration Fees and professional Services.
Who are Lbmx's main competitors?
Direct peers on record are Procurify, Basware, Mirakl, Ivalua and Marketplacer. Broad incumbents are SAP Ariba, Coupa Software and Amazon Business. Emerging players are Fairmarkit and Taulia.
Does Lbmx have an API?
Yes. LBMX provides APIs, integrations and other methods to connect to their services and solutions and to third party enterprise resource planning solutions. Connection methods include web portals, direct connection, value added network (VAN), FTP/SFTP sites, or an API connection. The API allows customers to integrate with LBMX Services and develop custom implementations.
What industry is Lbmx in?
Lbmx's product category is B2B Marketplace / Procurement Platform. Its primary akta.pro industry code is BPAMAGAD, B2B Marketplaces & Wholesale Platforms, with a secondary code of CRAFAAAF, Wholesale/B2B Generalist Marketplaces. Its NAICS code is 518210 and its SIC code is 6199.