Chemical sourcing and production platform Scimplify raised $9.5 M Series A funding
With the help of Omnivore, Bertelsmann India Investments, and current investors 3one4 Capital and Beenext, Scimplify, a platform for the sourcing and production of specialty chemicals, has raised $9.5 million in its Series A round.
The company’s goals for this new round are to expand into more regions where important customer segments are found and strengthen its R&D strengths.
Salil Srivastava and Sachin Santhosh founded Scimplify, a B2B fulfillment platform that works with companies in the pharmaceutical, personal care, and agrochemical industries. It covers the whole product life cycle, from contract research to commercial chemical manufacturing.
The company’s website states that it provides an end-to-end, science-first contract manufacturing platform for flavors and fragrances, pharmaceutical APIs, and agrochemicals.
The Bengaluru-based company faces competition from Atomgrid, which in May of this year raised $1.2 million in a seed round led by Merak Ventures. Another major player in the market, Covvalent, raised $4.3 million under the direction of Nexus Ven.
