Simplify, an Indian start that helps pharmaceutical and agricultural companies enter a variety of specialty chemicals, has raised $ 40 million in a new round of funding co-guided by ACCEL and Bertelsmann Investments to expand its footprint to the new markets.
Series B Rounde Pegs Simplify rating with about $ 150 million after money, the company said.
Specialty chemicals are essential for production in many industries, but access is still a problem, as manufacturers of these chemicals are distributed worldwide. Companies have mainly relied on Chinese suppliers to source such chemicals, but geopolitical tensions are increasingly pushing manufacturers to look for alternatives in other regions. Moreover, clients often find it difficult to find specific chemicals if they require a special reactor, chemistry or compliance such as US FDA or PMP.
Simplify aims to connect manufacturers to chemical specialty manufacturers using its platform, atoms, which lists specialty chemicals from over 5000 factories directed by over 200 manufacturers in 10 countries including India, China, Vietnam, Egypt and Japan. The start mainly aims to pharmaceuticals, agriculture and industry.
Producers of the beginning of their own, make them audited by the semi-annual third parties, and separates them based on their geography, chemistry, capacity and compliance. It also processes existing chemical engineers to make them cost effective and important for various cases of use.
Simplify has so far served 600 clients in more than 16 countries around the world, said co -founder Sachin Santhosh for Techcrunch.
Unlike other market sites, Santhosh said, simplify also offers custom -made chemicals working with chemical manufacturers, and allows customers to easily switch from one recipe to another using its network of manufacturers.
Before Simplify, Santhosh worked at B2B Startups Bizongo and Offbuiness, both helped direct procurement processes and business supply chains. Its co -founders, Salil Srivastava and Dheraj Dingra, both previously worked at the Zetwerk supply chain production company.
Starting plans to use fresh money to scale its presence geographically, take care of new segments of the industry and improve R&D. Simplify has subsidiaries in Dubai and Indonesia, and is seeking to create offices in the Japan and Japan. There is a team of 150 people.
It is now thinking of acquiring one or two chemical factories to unlock new types of clients and regulated markets, Santhosh told Techcrunch.
Series B also without participation from UMI and existing investors, OMNIVORE and 3OON4 CAPITAL. The company has raised $ 54 million so far since its inception in 2023.
