A Silicon Valley-based industrial commerce company is moving its Louisville offices to one of the Downtown towers.
Inxeption will be relocating from the 6,500-square-foot commercial space at Germantown Mill Lofts to the 18,000-square-foot 29th floor of PNC Tower at 101 S. Fifth St. Josh Allen, chief commercial officer for Inxeption, said the company started hiring talent in Louisville about two years ago and has since outgrown its previous space.
“We had to start looking for a larger space,” Allen said. “When you go into the Downtown environments, especially the buildings, they're scalable.”
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.
The Louisville branch grew from just Allen to about 40 employees in two years. He said the new offices in PNC Tower will allow for up to 100 staff members. Companywide, Inxeption has roughly 240 employees.
The space is currently being renovated to meet Inxeption’s needs. Allen said most of the changes are cosmetic, like tearing down walls to create an open atmosphere.
With the number of out-of-town team members who will be visiting the office, Allen said they are creating an environment that’s befitting of people who are traveling. The company plans to move into the space in August.
“People are coming in to see us, we have a lot of sales resources that are stationed in territories around the country,” Allen said. “This is kind of Grand Central Station for all things commercial and logistics oriented.”
A team of groups is bringing the project to life. Louisville-based Reese Design Collaborative, as well as Munson Business Interiors, are providing their services to the project. Allen 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.
Allen declined to disclose the company’s annual revenue. In January, Inxeption received $275 million in new funding. The company’s valuation now totals to $3 billion in new funding made up of a $125 million Series E financing round and $150 million in new debt capital.
