Scimplify increases $ 40 million to help manufacturers access specialized chemicals
ExciteAn Indian startup that helps pharmaceutical and agricultural companies to access a range of specialized chemicals, has raised 40 million dollars in a new round of financing co-directed by Accel and Bertelsmann Investments to expand its footprint in the United States and reach new markets.
The B series turns Scimplify’s assessment at around $ 150 million after my money, the company said.
Specialized chemicals are vital for manufacturing in many industries, but access is always a problem, as manufacturers of these chemicals are dispersed around the world. Companies mainly supported Chinese suppliers to obtain these chemicals, but geopolitical tensions are growing more and more manufacturers to seek alternatives in other regions. In addition, customers often find it difficult to find a specific chemical if they are looking for a special reactor, chemistry or compliance such as the American FDA or the GMP.
Scimplify aims to connect manufacturers with specialized chemical manufacturers using its platform, Atoms, which lists specialized chemicals of more than 5,000 factories managed by more than 200 manufacturers in 10 countries, including India, China, Vietnam, Egypt and Japan. The startup mainly targets pharmaceuticals, agriculture and industry.
The manufacturers of startup veterinarians, make them audit by semi-annually third parties and separate them according to their geography, their chemistry, their capacity and their compliance. It also treats existing chemicals to make them profitable and relevant for different use cases.
Scimplify has so far served 600 customers in more than 16 countries around the world, the co-founder Sachin Sathosh told Techcrunch.
Unlike other markets, said Santhosh, Simplify also offers chemicals on order by working with chemical producers and allows customers to easily switch from one recipe to another using its network of manufacturers.
Before Scimplify, Santhosh worked at B2B Bizongo and Offbusiness startups, both of which contributed to rationalizing the supply and supply chain processes for companies. Its co-founders, Salil Srivastava and Dheeraj Dhingra, have already worked in the manufacturing company of the Zetwerk supply chain.
The startup plans to use the fresh box to develop its presence geographically, contact new industry segments and improve R&D. Scimplify has subsidiaries in Dubai and Indonesia and seeks to create offices in the United States and Japan. He has a team of 150 people.
He now plans to acquire one or two chemical factories to unlock new types of clients and regulated markets, SANLOSH told Techcrunch.
The B series also saw the participation of the UMI and the existing, omnivorous and 3one4 capital. The company has collected funding of $ 54 million so far since its creation in 2023.
