Total amount raised
$7.6 Million
Latest funding date
2024-11-25
Location
Elchemy has established itself as a trusted chemical distributor and manufacturer for the US market, offering high-quality ingredients and reliable service. The company serves a wide range of industries, including personal care, home care, industrial cleaning, flavors and fragrances, food and nutrition, oil and gas, chemical intermediates, water treatment, and C.A.S.E.
Elchemy's platform provides real-time access to inventory, shipment tracking, and documentation, ensuring faster decision-making and efficient operations. Keep reading to explore the intricacies of Elchemy's fundraising journey and the investors backing this innovative platform.
What Is Elchemy?
Elchemy is a prominent chemical distributor and manufacturer serving the US market. The company provides high-quality ingredients and reliable service across various industries, including personal care, home care, industrial cleaning, flavors and fragrances, food and nutrition, oil and gas, chemical intermediates, water treatment, and mining.
With a strong local presence, Elchemy operates warehouses in New Jersey, Houston, and other key regions. The company emphasizes regulatory compliance, technological advancements, and customer satisfaction, offering real-time shipment tracking and centralized documentation to streamline operations.
How Much Funding Has Elchemy Raised?
- Pre-Seed Round
- Amount Raised: USD 2,000,000
- Date: January 2023
- Lead Investors: Info Edge ventures
- Series A Round
- Amount Raised: USD 5,600,000
- Date: November 2024
- Lead Investors: Prime Venture Partners
Elchemy has raised a total of USD 7,600,000 across its funding rounds.
Key Investors
- Prime Venture Partners
- Details: Prime Venture Partners is a venture capital firm based in India, known for investing in early-stage technology startups. They focus on providing strategic guidance and support to help companies scale.
- Investment Focus Areas: Technology, Fintech, SaaS
- Notable Investments: MyGate, Happay, Quizizz
- Info Edge ventures
- Details: Info Edge ventures is a venture capital arm of Info Edge, a leading online classifieds company in India. They invest in early to mid-stage companies with high growth potential.
- Investment Focus Areas: Internet, Technology, Education
- Notable Investments: Zomato, PolicyBazaar, ShopKirana
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