Knowde Raises $60M Series C, Eyes Expansion and Innovation

Knowde, a leading chemical B2B marketplace for special ingredients, has recently raised $60 million in its Series C funding round. The investment round attracted new investors like Blue Cloud Ventures and Point72 Private Investments, alongside existing investors like Socium Ventures.

This marks a milestone for the company on its path to scale operations further, enrich its product portfolio, and solidify its position in the industry. 

Blue Cloud Ventures Founder Rami Rahal, also shared his thoughts on Knowde saying, “It’s not every day you get to back a founder and team that are innovating in an under-served massive industry.

About Knowde

Knowde has carved out a place for itself in this field as a B2B marketplace for all things chemical, ingredient and packaging. Knowde, being a chemical procurement platform, has built the AI-powered Master Data Management Platform providing market access to millions of chemical buyers and suppliers globally, while offering over 100,00 products live on its platform from 8K+ suppliers globally.

The focus on AI on Knowde’s platform, mainly through integrating AI-powered search capabilities, reflects a broader trend in the B2B eCommerce space towards enhancing user experience. The introduction of AI-driven tools and supply chain digitalization could enable more precise supplier-buyer matching, making the procurement process faster and more reliable. 

This innovation is critical in a chemical B2B marketplace where the complexity of products and the specificity of needs can make procurement challenging. By reducing friction and improving search efficiency, Knowde is poised to revolutionize the way businesses approach chemical procurement.

Leadership’s Vision and Commitment

Knowde CEO Ali Amin-Javaheri explained his company’s mission and ambitions beyond chemical innovation. According to him, the chemical industry forms the core of all innovation, and digitizing this industry faster and better will significantly impact all other downstream industries.  

The funding could also support Knowde’s efforts to enhance its offerings in the ingredients sector, ensuring that buyers have access to the latest and most innovative products. This aligns with the company’s broader mission to drive marketplace expansion and become a leader in chemicals and related sectors like ingredients and packaging