Scimplifi raises $3.67 Mn in seed round

Scimplifi, a platform for all sourcing and manufacturing of specialty chemicals, has raised $3.67 million in its seed round from 3one4 Capital and BEENEXT. 

The proceeds will be used to expand the core team on the business, value engineering, and technology front, Scimplifi said in a press release.

Founded by Salil Srivastava and Sachin Santhosh, Scimplifi is an end-to-end B2B fulfillment platform operating across the product life cycle from contract research to commercial chemical manufacturing across industries such as pharmaceutical, personal care, and agrochemical. 

The firm is targeting to shift to a 60% export-oriented model within the next year and plans to expand its reach to 20 countries and 4 new categories in chemicals. 

In addition, the brand will be adding labs in 3 more categories to support research. Users of the platform can explore a technology map that highlights over 100 manufacturing plants involved in multiple chemistries. This map facilitates the effective connection of buyer demand with the right factories.