Published by Todd Bush on July 5, 2022
GREEN BAY, Wis.--(BUSINESS WIRE)--ChemDirect, the leading B2B online marketplace for specialty chemicals shipped directly from vetted suppliers, today announced the closing of a Series A funding round led by Schneider (NYSE: SNDR). The financing will enable ChemDirect to grow its chemical marketplace, build out new logistics and payment technologies, and scale its go-to-market efforts.
>> In Other News: [https://decarbonfuse.com/posts/hyliion-and-cummins-collaborate-to-bring-natural-gas-hypertruck-erx-powertrain-to-the-north-america-truck-market](Hyliion and Cummins Collaborate to Bring Natural Gas Hypertruck ERX Powertrain to the North America Truck Market)
Launched in 2020, ChemDirect was created to deliver significant time and cost savings for chemical buyers and sellers. With integrated logistics planning, credit terms, and real-time inventory, ChemDirect makes chemical buying drastically easier than existing channels.
The Series A round follows the recent launch of ChemDirect’s new payment platform, ChemPay, which offers negotiation-free payment terms, real-time logistics and flexible payment methods to simplify the buying process — so suppliers receive payments in days instead of many weeks.
"The chemical industry is a $6 trillion market that largely operates in a pre-digital fashion," said Tyler Ellison, ChemDirect’s founder and CEO. "Today’s supply chain chaos has created a unique opportunity for ChemDirect to disrupt traditional processes, increasing efficiencies like never before and creating a better overall experience for chemical buyers and sellers."
By bringing the chemical buying process online, ChemDirect helps buyers save money and avoid long, complex sales cycles and delivery times typically experienced with conventional sourcing. Purchases on ChemDirect have an average fulfillment time of three and a half days and up to 80% in cost savings over other purchasing channels.
"We are encouraged by the efficiency ChemDirect brings chemical shippers and the industry," said Shaleen Devgun, Schneider Executive Vice President and Chief Innovation and Technology Officer. "With over 500,000 products readily available online and real-time credit terms, ChemDirect is the competitive differentiator today’s chemical buyers need to navigate supply chain challenges successfully."
ChemDirect is a B2B online marketplace for specialty chemicals designed to deliver significant time and cost savings for chemical buyers and sellers. With integrated logistics planning, credit terms, and real-time inventory shipped directly from vetted suppliers, ChemDirect makes buying chemicals drastically easier than existing channels.
The ChemDirect platform provides an easy-to-use marketplace that creates connections between customers and suppliers across a wide variety of industries, including agriculture, automobile, beauty and personal care, building and construction, cleaning and sanitation, consumer products, electronics, food and nutrition, healthcare, manufacturing, paints and coatings, and printing and packaging.
ChemDirect is backed by leading investors, such as TitletownTech, a venture partnership between Microsoft and the Green Bay Packers. For more information on ChemDirect, visit chemdirect.com, connect with us on LinkedIn and follow us on Twitter.
Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider's solutions include Regional and Long-Haul, Truckload, Expedited, Dedicated Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics, and Logistics Consulting.
With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company's digital marketplace, Schneider FreightPower®, is revolutionizing the industry, giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚡ DOE Floats New Cuts To Hundreds Of Clean Energy Grants ⛏️ HyTerra Limited Announces Positive Results From McCoy 1 Well 🍁 As Policy Changed, CarbonCapture Moved Its Pilot Projec...
Inside This Issue 🚢 CF Industries, Trafigura, and Envalior Announce Shipment of Certified Low-Carbon Ammonia 🥤 Skytree Validates DAC System to Generate Pure, Beverage-Grade Liquid CO₂ On-Site 💻 Su...
Inside This Issue 💰 Louisiana's $3.5B Carbon Capture Surge Sets National Decarbonization Blueprint 🌍 UN Climate Summit To Feature First-Ever Carbon Removal Pavilion At COP30 🚛 AtmosClear Selects E...
Air Liquide is enhancing its strategic U.S. Gulf Coast network to support new customers' needs. The Group has secured new hydrogen supply agreements with two of the largest refiners in the U.S. and...
As Policy Changed, CarbonCapture Moved Its Pilot Project From Arizona to Alberta
This innovative climate tech startup just moved its first big project from the U.S. to Canada as Trump threatens the industry. At the beginning of this year, a climate tech startup called CarbonCa...
HyTerra Limited Announces Positive Results From McCoy 1 Well
HyTerra Limited (ASX: HYT), a company focused on exploring for natural hydrogen and helium resources near major industrial hubs and the first company to list on the ASX with a focus on white hydrog...
Prometheus Hyperscale Works With Carbon Capture Firms On New Data Center Campus In Wyoming
Says the gas-powered facility will be carbon negative Prometheus Hyperscale has revealed plans for a second AI data center campus in Wyoming, which it says could eventually deliver 1.5GW of IT cap...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.