Knowde

Knowde

Digital marketplace for chemical industry transactions

About Knowde

Simplify's Rating
Why Knowde is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Industrial & Manufacturing

Consumer Goods

Company Size

201-500

Company Stage

Series C

Total Funding

$180.8M

Headquarters

San Jose, California

Founded

2017

Overview

Knowde operates a digital marketplace specifically for the chemical industry, connecting buyers and suppliers for seamless transactions. Users can search for, sample, quote, and purchase products from over 8,000 suppliers, accessing the world's largest catalog of chemicals, ingredients, and polymers in one location. The platform also features a concierge service that manages transaction details to ensure efficiency and quick responses. Knowde serves a wide range of clients, from large corporations like Unilever and DSM to smaller suppliers focused on sustainability, and caters to various sectors including automotive, agriculture, and packaging. Unlike many competitors, Knowde's extensive catalog and dedicated concierge service set it apart, aiming to simplify the purchasing process in a complex global market.

Simplify Jobs

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

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

$50M
$50M
Medium
$60M
Knowde
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Professional Development Budget

Remote Work Options

Unlimited Paid Time Off

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Knowde
Sep 25th, 2024
Knowde Launches SAP-Certified S/4HANA MDG Connector to Simplify Product Data Management

That's why Knowde is proud to announce the launch of its new SAP-certified S/4HANA MDG connector, designed to streamline product data management and enhance workflow efficiency for manufacturers, suppliers and distributors.

Adhesives Magazine
Aug 18th, 2024
Knowde Closes Series C Funding Round

Knowde recently announced the company has closed a $60 million Series C funding round led by Blue Cloud Ventures, Point72 Private Investments, and Socium Ventures.

Digital Commerce 360
Aug 15th, 2024
Knowde secures $60M in Series C

Knowde, a B2B digital marketplace for the chemical industry, secured $60 million in a Series C funding round, bringing its total funding to $175 million. The company plans to use the funds to enhance its AI-backed master data management platform and develop new vertical applications. Companies like Kalustyan Corp. and Quadra Corp. use Knowde’s technology to digitize and manage complex product data, improving customer engagement and searchability.

TechCrunch
Aug 1st, 2024
Scoop: Sequoia-backed Knowde raises Series C at a valuation cut

Chemical marketplace Knowde has raised a $60 million Series C round that values it lower than its 2021 Series B.

Knowde
Jul 20th, 2023
Harcros Chemicals President & CEO, Mark hamilton, shares his perspectives from the top

Harcros Chemicals President & CEO, Mark Hamilton, joins Knowde CEO, Ali Amin-Javaheri, to share his insights into shifting customer expectations and talk through the importance of having an organized digital product catalog for both internal teams and customers.

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