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 💡 Bill Gates-backed Startup Says a Global Gold Rush for Buried Hydrogen is Picking Up Momentum 🌍 Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a...
Inside this Issue 🌿 Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainab...
Inside this Issue 💡 1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding 🔗 H2 Clipper's Patented 'Hydrogen Ledger' Uses Blockchain Technology to Track Purity a...
Plan to Build California’s First Carbon Removal and Storage Project Gets a Big Boost
BAKERSFIELD, Calif. — A plan to build California’s first carbon storage facility received a big boost Thursday night. The Kern County Planning Commission voted to give the state’s largest oil produ...
Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a New Color
America and Europe have been strong trade partners for hundreds of years. A new venture to ship clean hydrogen across the Atlantic Ocean is set to bring the relationship into a greener and more env...
AFC Energy Launches Hyamtec Limited (“Hyamtec”) to Unlock the Global Hydrogen Value Chain
DUNSFORD, England--(BUSINESS WIRE)--Hyamtec, the UK’s newest hydrogen company, has been launched by AFC Energy plc to deliver next-generation modular ammonia cracking technology. This launch repres...
Technip Energies Appoints Benjamin Lechuga as New Chief Strategy & Sustainability Officer
Technip Energies announces the appointment of Benjamin Lechuga as Chief Strategy & Sustainability Officer and member of the Group Executive Committee >> In Other News: JBS USA and GreenG...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.