📝 Scimplify raises $40M

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Indian startup Scimplify has raised $40 million in a Series B round led by Accel and Bertelsmann Investments, valuing the company at $150 million post-money. The firm connects pharmaceutical and agriculture companies with specialty chemical manufacturers via its platform, ATOMS, which lists chemicals from 5,000 factories across 10 countries. With rising geopolitical tensions disrupting Chinese supply chains, Scimplify provides alternative sourcing options. The company plans to use the funding to expand in the U.S. and Japan, grow its team, and potentially acquire chemical factories to enter regulated markets.

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