ChemDirect, a Green Bay, WI-based B2B online marketplace for specialty chemicals shipped directly from vetted suppliers, raised an undisclosed amount in Series A funding.
The round was led by Schneider (NYSE: SNDR).
The company intends to use the funds to grow its chemical marketplace, build out new logistics and payment technologies, and scale its go-to-market efforts.
Launched in 2020 by Tyler Ellison, founder and CEO, ChemDirect is a B2B online marketplace for specialty chemicals designed to deliver time and cost savings for chemical buyers and sellers through integrated logistics planning, credit terms, and real-time inventory shipped directly from vetted suppliers. The platform provides a marketplace that creates connections between customers and suppliers across a wide variety of industries, including agriculture, automobile, beauty and personal care, building and construction, cleaning and sanitation, consumer products, electronics, food and nutrition, healthcare, manufacturing, paints and coatings, and printing and packaging.
The Series A round follows the recent launch of the new payment platform, ChemPay, which offers negotiation-free payment terms, real-time logistics and flexible payment methods to simplify the buying process — so suppliers receive payments in days instead of many weeks.
The company is also backed by TitletownTech, a venture partnership between Microsoft and the Green Bay Packers.
FinSMEs
04/07/2022