Scimplify, an Indian startup that helps pharmaceutical and agricultural companies access a variety of specialized chemicals, has raised $40 million in a new co-led funding round to expand its footprint in the US by investments from Accel and Bertelsmann, and reach new markets.
The Scimplify Series B round peg is rated at approximately $150 million in post money, the company said.
As manufacturers of these chemicals are scattered around the world, specialty chemicals are essential to manufacturing in many industries, but access remains a problem. While companies rely primarily on Chinese suppliers to source such chemicals, geopolitical tensions are increasingly pushing manufacturers to look for alternatives elsewhere. Additionally, customers often find it difficult to find a specific chemical when they are looking for a specific reactor, chemical, or compliance such as a US FDA or GMP.
Scimplify aims to connect manufacturers with specialty chemical manufacturers using Atoms, a platform that lists specialized chemicals from over 5,000 factories operated by over 200 manufacturers in 10 countries, including India, China, Vietnam, Egypt and Japan. The startup is primarily targeted at pharmaceuticals, agriculture and industry.
Startup veterinary manufacturers undergo third-party audits every six months and separate them based on geography, chemistry, capabilities and compliance. It also allows existing chemicals to be treated to make them cost-effective and relevant to a variety of use cases.
Scimplify has served 600 customers in more than 16 countries around the world so far, co-founder Sachin Santhosh told TechCrunch.
Scimplify AtomsImage Credit: Scimplify
Unlike other markets, Santhosh said, Simplify also offers bespoke chemicals by working with chemical producers, allowing you to easily switch from one recipe to another using a network of manufacturers.
Before Scimplify, Santhosh worked for B2B startups Bizongo and Offbusiness, both of which helped to procure the business and streamline the supply chain processes. His co-founders Salil Srivastava and Deeraj Dingra both previously worked for manufacturing supply chain company Zetwerk.
The startup will use fresh cash to expand its presence geographically, catering to new industry segments and strengthening R&D. Scimplify has subsidiaries in Dubai and Indonesia, and is looking to establish offices in the US and Japan. There is a team of 150 people.
Currently, they are considering buying one or two chemical plants to unlock new types of customers and regulated markets, Santhosh told TechCrunch.
Series B also saw participation from UMI, existing investors, Omnivore and 3one4 Capital. The company has raised $54 million in funding so far since its founding in 2023.