Cymax Group Technologies Ltd. is a privately held eCommerce company headquartered in Vancouver, 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 Cymax Group was founded in 2004 by Arash Fasihi 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.
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.
In 2018, the company launched Channel Gate, offering a digital supply chain platform for furniture manufacturers.
Ratings 2007 – Ranked 247th in the Internet Retailer Top 500 Internet Companies index Diversity helped Cymax Stores grow Q4 web sales by 60% 2008 – Ranked 200th in the Internet Retailer Top 500 Internet Companies indexExecuting the basics helps Cymax Stores go head to head with bigger rivals 2009 – Ranked 167th in the Internet Retailer Top 500 Internet Companies index 2010 – Ranked 168th in the Internet Retailer Top 500 Internet Companies indexThe Top 500 List – Internet Retailer Magazine
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