ChemUnity closes 8 M Euro second financing round with Gilde IT Fund and 3i
ChemUnity.com, Europe's leading chemical e-marketplace has closed its second round of financing with lead investor 3i, (UK) and initial investor Gilde IT Fund, (NL). This funding provides ChemUnity with adequate means to continue to develop its e-marketplace that has already attracted several hundred registered chemical suppliers and users during its first half year of operation.
"I see the successful completion of this financing round as a major achievement for the company, given the recent scarcity of funds in the world of e-commerce" stated Peter Vogtländer, Chairman of ChemUnity's Supervisory Board. "It is a vote of confidence by Gilde and 3i in ChemUnity's unique B2B concept for chemicals."
"The funding will allow ChemUnity to concentrate on the continued development of the business", says ChemUnity's CEO Herman Rijks. "In the chemicals arena e-commerce is not so much about matching unknown buyers and sellers, it is more about creating tools that enhance effectiveness and efficiency and consequently improve service levels and reduce costs. We will therefore use part of the new funds to develop our next generation of software which will further enhance the e-procurement functionality for all participants in the supply chain."
Guus Overdijkink of 3i Europe plc Benelux commented: "One of the most important reasons for 3i's investment in ChemUnity is the experience of the founders, the Board and the management team. They all have extensive knowledge of chemical marketplaces. Furthermore the company can benefit from 3i's experience and international network."
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