Knowde, a San Jose, Calif.-based marketplace for ingredients, polymers and chemistry, raised $72m in Series B financing.
The round was led by Coatue with participation from existing investors Sequoia Capital, Refactor Capital, Bee Partners and Cantos Ventures and new investors Sound Ventures, a venture capital firm founded by Ashton Kutcher and Guy Oseary; TQ Ventures, founded by Schuster Tanger, Andrew Marks, and Scooter Braun; K5 Global; and, Mantis VC, in partnership with The Chainsmokers.
The company intends to use the funds for product development for new buyer and supplier features, further enhancements to its ecommerce capabilities, and international expansion opportunities.
Ali Amin-Javaheri, co-founder and CEO, Knowde is an online marketplace for producers and buyers of ingredients, polymers and chemistry. Buyers can search, compare, sample, quote and purchase more than 100,000 products and thousands of producer storefronts globally.
The company recently expanded its presence to cover every major vertical across the entire industry.