Zurich, Switzerland-based provider of procurement, sales and intelligence platforms for physical raw materials, Kemiex raised an undisclosed amount in recent funding. The company announced the financing on February 24, 2023. CME Ventures, DTN and Wille Finance joined in the investment.
Purpose of investment for Kemiex
With the combined capital and capabilities, Kemiex seeks to rapidly elevate its global trade hub to an institutional, enterprise-level solution. Meanwhile, the company has plans to enhance its apps and white-label platforms for raw material procurement, sales and analytics to facilitate trade and risk management for customers. It seeks to help them to solve complex challenges such as Product Carbon Footprint (PCF) and GHG reporting.
Meanwhile, Kemiex also has plans to tap into new resources as well as other financial, distribution, data engineering and analytic expertise to further accelerate growth.
In addition, Kemiex intends to expand product coverage beyond human and animal nutrition and health ingredients to agrochemicals and other chemicals and raw materials.
What the company’s official has to say
Pau Franquet, CEO and Co-founder of Kemiex, said, “We’re pleased to welcome our new strategic shareholders to further institutionalize and step-up our game in providing meaningful, independent trade and intelligence solutions to nutrition, chemicals and other raw material markets globally. Our customers will benefit from better technology. Data and business opportunities.”
What the investors have to add
Owain Johnson, Managing Director, Global Head of Research and Product Development, CME Group, further said Kemiex’s vertically focused B2B marketplace and digital spot trading technology for physical raw materials offer exciting opportunities in workflow-embedded creation of indices, analytics, data distribution and risk management.”
In addition, Marc Chesover, President and CEO of DTN commented, “The Kemiex team has shown admirable focus in executing their vision of building a disruptive trade and information platform for animal nutrition, health, and related sectors. We are delighted to support them through the synergies we share in the agriculture sector as well as the DTN expertise in developing sophisticated commodity and supply chain intelligence platforms from both the data and transactional perspective.”
Besides, Reto Hertler, Head of Private Equity & Venture Capital at Wille Finance, said, “Kemiex has shown the capability to disrupt an inefficient industry value chain with technology. We are very happy to team up with Kemiex in order to accelerate the growth and bring our experience in scaling companies.”
About the company
In 2017 Founders Oriol Saludes and Pau Franquet Güell launched the company. Kemiex is a specialized provider of procurement, sales and intelligence platforms for physical raw materials.
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