Cymax Group

Cymax Group Technologies Ltd. is a privately held eCommerce company headquartered in Burnaby, 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.

Cymax Group

Company type	Technology
Industry	eCommerce
Founded	2004
Founders	Arash Fasihi
Successor	Mike Herenberg
Headquarters	Burnaby, British Columbia , Canada
Area served	International
Key people	Markus Frind, Arash Fasihi
Number of employees	300 (2023)
Website	www.cymaxgroup.com

History

Cymax Group was founded in 2004 by Arash Fasihi^[1] 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.^[2]

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.^[3]

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 ^[4]
• 2008 – Ranked 200th in the Internet Retailer Top 500 Internet Companies index^[5]
• 2009 – Ranked 167th in the Internet Retailer Top 500 Internet Companies index^[6]
• 2010 – Ranked 168th in the Internet Retailer Top 500 Internet Companies index^[7]