chembid GmbH Asset Profile

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Year established

2016

Location

Oldenburg Germany

Primary Industry

Internet

About

Founded in 2016 and based in Oldenburg, Germany, chembid GmbH operates as a software-as-a-service company that provides a search engine and market intelligence platform for chemicals. The firm is a subsidiary of BÜFA GmbH & Co. KG and was founded by Mr. Christian Bürger and has 50,000 users per month from more than 150 countries. The firm has raised venture funding from Evonik Venture Capital in February 2021. chembid GmbH provides a dashboard of market intelligence such as price trends and demand patterns by analyzing the search data with intelligent algorithms and enables buyers to find chemical suppliers and compare product offers. The firm's platform also enables chemical manufacturers to optimize their business by tracking the market demand and helps the business increase chemical sales. The firm also provides digital services under the COATINO® platform which features a digital assistant such as product recommendation, formulation assistance, and voice control. The firm's venture funding from Evonik Venture Capital in February 2021 will support the development of its independent digital sales platform for the chemical industry.

Current Investors

Evonik Venture Capital

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Primary Industry

Internet

Sub Industries

Search Engines, Analytics & Performance Software, Paints & Coatings

Website

www.chembid.com

Verticals

Big Data, Cloud Computing, E-commerce

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

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