Mstack Chemicals, a Houston, TX-based provider of a cross-border speciality chemical manufacturing platform, raised $40M in Series A funding.
The round was led by Lightspeed and Alpha Wave and included a debt facility from HSBC Innovation Banking and angel investors.
The company intends to use the funds to expand its presence across the Middle East, Latin America and Asia, while continuing to strengthen its presence in the United States and other geographies.
Founded in 2022 by Shreyans Chopra, Mstack is a provider of a custom manufacturing platform for speciality chemical space enabling mid to large enterprise buyers across the globe, especially in North America to source chemicals from its tech-enabled network of capacities located in low-cost production countries. It functions as a platform that takes ownership of quality control and delivery.
Mstack’s R&D capabilities enable customers to access custom-made formulations or get process innovation done which improves the efficiency of chemicals used or reduces cost.
The company currently offers products in four categories: oil and gas, coatings, water treatment, and home and personal care.
FinSMEs
03/10/2024