TechCrunch exclusively reports that Knowde, an online marketplace for chemicals and polymers, has closed a Series C round.
The San Jose-based startup raised $60 million in a round that was valued at a lower $500 million than its most recent round, according to multiple sources. The round valued the company at more than 20 times ARR, according to a source familiar with the deal. The round included new investors Blue Cloud Ventures and Point72 Private Investments in addition to existing backer Sequoia.
Know declined to comment.
The company has now raised over $150 million in total venture funding, with its most recent round being a $72 million Series B led by Coatue, which closed in August 2021. Seqouia led the company’s $14 million Series A round, which closed in May 2020.
Knowde was launched in 2017 to bring the chemical and polymer markets online. Co-founder and CEO Ali Amin-Javaheri is the son of a DuPont chemist and has spent his entire career in the industry. Prior to starting Knowde, Amin-Javaheri worked at ChemPoint, which was trying to bring technology to the chemical market before transitioning to a brokerage distribution platform.
Knowde currently has over 8,000 chemical suppliers in the market and works with brands including Unilever, Johnson & Johnson and P&G.
