Inxeption
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Inxeption was a US company founded in 2017 by serial entrepreneurs Farzad Dibachi, Mark Moore and Terry Garnett (all Oracle and Niku alumni) to build 'I-commerce': a blockchain-based e-commerce platform bringing the Amazon experience to industrial commerce. Its platform combined online selling, logistics, marketing, finance and blockchain-immutable product histories to help industrial businesses sell and ship products online, later emphasizing solar panels and energy storage marketplaces. Backers included the UPS Strategic Enterprise Fund, Coatue Management and Schonfeld Strategic Advisors. As of August 15, 2024, Inxeption had shuttered.
02 / Inxeption FAILURE REASONS
Failure reasons
No public statement of why Inxeption shut down has been found. The company had raised institutional funding (UPS Strategic Enterprise Fund in 2018, Series D from Coatue in 2019, Series E from Schonfeld in January 2022) and reported 1,500 commerce partners, but no official closure announcement or post-mortem was published. This section records only what is confirmed: the company was shuttered by August 15, 2024.
03 / EVENT HISTORY
Events in the structured record
- Company founded
Farzad Dibachi, Mark Moore and Terry Garnett found Inxeption in 2017 (incorporated in October) as an online marketplace bringing the Amazon experience to industrial commerce, with operational headquarters in Louisville, Kentucky.
- UPS investment
The UPS Strategic Enterprise Fund makes an equity investment in Inxeption to create innovative e-commerce solutions for B2B sellers and buyers.
- Later funding
Inxeption nets Series D funding from Coatue Management in 2019 and Series E funding from Schonfeld Strategic Advisors in January 2022.
- Company shuttered
As of August 15, 2024, Inxeption had shuttered; no official shutdown announcement was found.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Inxeption raised funding from the UPS Strategic Enterprise Fund (2018), Coatue Management (Series D, 2019) and Schonfeld Strategic Advisors (Series E, January 2022).
- 02
The company reported serving 1,500 commerce partners across marketplaces emphasizing solar panels and energy storage.
- 03
As of August 15, 2024 the company had shuttered; no asset-sale, creditor-settlement or wind-down terms were publicly disclosed.