Overview

Knowde operates a digital marketplace specifically for the chemical industry, connecting buyers and suppliers for transactions. Users can search, sample, quote, and purchase from a vast catalog of over 8,000 suppliers, which includes chemicals, ingredients, and polymers. This platform serves a wide range of clients, from large corporations like Unilever to smaller, emerging suppliers focused on sustainability. A key feature of Knowde is its concierge service, which streamlines the transaction process by managing requests efficiently. Unlike many competitors, Knowde offers the largest catalog in the industry, making it a comprehensive resource for professionals across various sectors such as automotive, agriculture, and packaging. The company's goal is to facilitate seamless connections and transactions within the global chemical market.

Simplify's Take

What believers are saying

• Increased focus on sustainability drives demand for Knowde's platform.
• Digital transformation in the chemical industry creates expansion opportunities for Knowde.
• Growing e-commerce in B2B transactions boosts adoption of Knowde's marketplace.

What critics are saying

• Increased competition could erode Knowde's market share.
• Valuation cut in Series C funding may indicate investor concerns.
• Reliance on large corporations poses a risk if they switch platforms.

What makes Knowde unique

• Knowde hosts the world's largest catalog of chemicals, ingredients, and polymers.
• The platform offers a concierge service for efficient transaction handling.
• Knowde's SAP-certified S/4HANA MDG connector streamlines product data management.

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Funding

Total Funding

$180.8M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Coatue ManagementGeneral Catalyst

Notable Investors:

Coatue ManagementGeneral Catalyst

$60,000,000

Series C

Aug 2024

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$60M

$62M

$100M

View all funding stages