In its seed round, Scimplifi—a platform for all specialty chemical sourcing and manufacturing—raised $3.67 million from 3one4 Capital and BEENEXT.
According to a press release from Scimplifi, the money will be used to grow the core team in the areas of technology, value engineering, and business.
Scimplifi, an end-to-end B2B fulfillment platform, was founded by Salil Srivastava and Sachin Santhosh. It serves the pharmaceutical, personal care, and agrochemical industries, and operates throughout the whole product life cycle, from contract research to commercial chemical manufacturing.
Within the next year, the company hopes to transition to a 60% export-oriented model and increase its presence to 20 countries and 4 new chemical categories.
To further assist research, the brand plans to open labs in three more categories. The platform allows users to examine a technology map that shows more than 100 manufacturing facilities with a variety of chemical processes. The efficient matching of buyer demand with the appropriate factories is facilitated by this map.
