HomeStartupScimplifi raises $3.67 Mn in seed round

Scimplifi raises $3.67 Mn in seed round

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  1. Scimplifi, a specialty chemicals platform, raised $3.67 million in a seed funding round from investors 3one4 Capital and BEENEXT.
  2. The funds will be used to bolster the core team across business, value engineering, and technology aspects, as stated in the company’s press release.
  3. The company aims to transition to a 60% export-oriented model within a year and expand its market presence to 20 countries, including four new chemical categories.
  4. Scimplifi plans to augment its research capabilities by adding labs in three more chemical categories and offers a technology map linking over 100 manufacturing plants to aid in efficient procurement matching buyer demand with suitable factories.
SourceEntrackr

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