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Scimplify , an Amerindic inauguration that aid pharmaceutic and agrarian company get at a range of specialty chemicals , has raised $ 40 million in a raw financing rhythm co - led by Accel and Bertelsmann India Investments to widen its footprint in the U.S. and reach new markets .
The Series B round peg Scimplify ’s evaluation at about $ 150 million post - money , the company said .
Specialty chemical substance are life-sustaining for fabricate in many industries , but access is still a problem , as manufacturers of these chemical substance are scattered across the world . company have mostly trust on Chinese suppliers to source such chemical , but geopolitical tensions are increasingly pushing manufacturers to front for alternatives in other regions . Moreover , client often come up it hard to regain a specific chemical if they are looking for a finical nuclear reactor , interpersonal chemistry , or submission such as U.S. FDA or GMP .
Scimplify aims to connect manufacturers with specialty chemical makers using its platform , ATOMS , which list specialty chemicals from more than 5,000 factories track down by over 200 manufacturer across 10 land , include India , China , Vietnam , Egypt , and Japan . The inauguration primarily targets pharmaceuticals , agriculture , and industry .
The inauguration vets maker , gets them audited by third - parties semi - each year , and segregate them ground on their geographics , chemistry , capability , and compliance . It also process - engineers existing chemicals to make them price - effective and relevant for dissimilar usance cases .
Scimplify has so far assist 600 client across more than 16 countries worldwide , co - father Sachin Santhosh differentiate TechCrunch .
Unlike other marketplaces , Santhosh say , Scimplify also offer up made - to - order chemicals by exercise with chemical manufacturer , and lets customers easily swap from one recipe to another using its manufacturing business internet .
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Before Scimplify , Santhosh worked at the B2B startup Bizongo and OffBusiness , both of which helped streamline procural and supplying mountain range processes for businesses . His atomic number 27 - founders , Salil Srivastava and Dheeraj Dhingra , both antecedently worked at fabricate supply chain fellowship Zetwerk .
The startup plans to use the fresh hard currency to surmount its front geographically , ply to new industry segments , and enhance R&D. Scimplify has subsidiaries in Dubai and Indonesia , and is await to lay out up authority in the U.S. and Japan . It has a team of 150 people .
It ’s now see acquiring one or two chemic factories to unlock new sort of customers and regulated markets , Santhosh told TechCrunch .
The Series B also saw participation from UMI and existing investor Beenext , Omnivore , and 3one4 Capital . The companionship has raised funding of $ 54 million so far since its origin in 2023 .
