SAN JOSE, CALIFORNIA (AP) – Knowde 72m Coatue Sound Ventures Funding, in a Series B funding round spearheaded by digital investment platform Coatue, Knowde, an online marketplace for ingredients, polymers, and chemicals, raised $72 million.
In addition to The Chain-smokers, Sequoia Capital, Refactor Capital, Bee Partners, and Cantos Ventures participated in the round. As did new investors Sound Ventures, TQ Ventures, K5 Global, and Mantis VC.
Knowde was created to link customers and suppliers in the personal care business. Users can search, compare, sample, quote, and buy products from prominent manufacturers. Who gain from increased market reach and cheaper sales expenses.
Thousands of supplier storefronts are available on the platform. Which has expanded its reach to include the food and nutrition business. It plans to use the fresh funds to expand internationally, improve its e-commerce capabilities, and develop new buyer and supplier features.
“This is one of the few businesses left that hasn’t been influenced by software”, said Ali Amin-Javari, co-founder and CEO of Knowde. “Marketplaces have revolutionized key industries in an instant”. Knowde is now delivering this similar experience to the world’s largest market”.
Knowde Raises $72 Million in Series B Capital
Knowde 72m Coatue Sound Ventures Funding – Knowde, a marketplace for ingredients, polymers, and chemistry situated in San Jose, Calif., has raised $72 million in Series B funding.
Existing investors Sequoia Capital, Refactor Capital, Bee Partners, and Cantos Ventures joined the round. As did new investors Sound Ventures, founded by Ashton Kutcher and Guy Oseary; TQ Ventures, founded by Schuster Tanger, Andrew Marks, and Scooter Braun; K5 Global; and Mantis VC, in partnership with The Chain-smokers.
The cash will fund product development for new buyer and supplier features, eCommerce advancements, and international expansion potential. Knowde is an online marketplace for producers and buyers of ingredients, polymers, and chemistry, according to Ali Amin-Javari, co-founder and CEO.
Over 100,000 goods and thousands of producer storefronts are available for buyers to search, compare, sample, quote, and buy from across the world. The firm recently expanded its reach to include every key vertical in the business.
Knowde has raised $72 million in funding. Coatue is in charge of Series B
Knowde, the largest marketplace for ingredients, polymers, and chemistry, today announced a $72 million Series B funding round headed by Coatue. Existing investors Sequoia Capital, Refactor Capital, Bee Partners, and Cantos Ventures, as well as new investors Sound Ventures, founded by Ashton Kutcher and Guy Oseary; TQ Ventures, founded by Schuster Tanger, Andrew Marks, and Scooter Braun; K5 Global; and Mantis VC, in partnership with The Chain-smokers, are all participating in this round.
“Digital marketplaces have the potential to alter sectors”, stated Coatue Managing Partner Kris Fredrickson. “We’re delighted to work with Knowde because we believe in their mission to reshape the way marketing and sales are done in one of the world’s major businesses”.
For more than a century, the chemical and ingredient sector has relied upon on-field sales teams, catalogs, and other traditional marketing strategies to produce $5 trillion in yearly revenues and impact more than 25% of global GDP.
For the first time, customers can search, compare, sample, quote, and purchase crops from every manufacturer on the planet – all in one spot – with Knowde. Suppliers get cutting-edge technology to expand their market reach, minimize their sales costs and give their customers the online shopping experience they want.
Knowde has recently expanded its footprint to include every major vertical in the industry. Knowle’s platform currently has thousands of supplier storefronts, more than any other distributor, marketplace, or middleman in the industry’s history.
Knowde will use the funds raised in this round to invest in product development for additional buyer and supplier features, eCommerce advancements, and foreign expansion potential.
Knowde’s Background
Knowde 72m Coatue Sound Ventures Funding, Knowde is the biggest online marketplace for ingredient, polymer, and chemical producers and buyers. Buyers may discover, compare, sample, quote, and purchase products from every producer on the planet through the Knowde.com marketplace. Knowde is the largest marketplace of its kind, with over 100,000 products and thousands of producer storefronts.
More than any distributor, marketplace, or intermediary organization in the history of the industry. Coatue, Sequoia Capital, Refactor Capital, Bee Partners, Cantos Ventures, Sound Ventures, TQ Ventures, K5 Global, Mantis VC, Nollywood, 8VC, and FJ Labs are among the main investors in Knowde. Visit www.themacforums.com for additional updates.
Coatue’s Background
With over $40 billion in assets under management. Coatue is one of the world’s largest technology investment platforms. Our team of engineers and data scientists collaborates closely with investment professionals to offer value to our portfolio’s founders and executive teams.
Knowde 72m Coatue Sound Ventures Funding – We support entrepreneurs from all around the world and at all stages of development with venture, growth, and public financing. Air table, Ant Financial, Anaplan, Byte Dance, Chime, Data bricks, Door Dash, Instacart, Meituan, Snap, Snowflake, and Spotify are some of our private investments.
