Kemiex Secures Equity Investments for Raw Materials Procurement Platforms

Kemiex AG has secured equity investments for its procurement, sales and intelligence platforms for physical raw materials.

With the new capital — the amount of which was not disclosed — Kemiex will enhance its technology and expand the scope of its product, the company said in a Friday (Feb. 24) press release.

“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,” Kemiex CEO and Co-founder Pau Franquet said in the release. “Our customers will benefit from better technology, data and business opportunities.”

Sourcing platforms can provide benefits to different categories of users, Novi Co-founder and CEO Kimberly Shenk told PYMNTS in a 2021 interview.

For example, brands can formulate new products with materials that meet any standard they require. Brands, manufacturers and suppliers can reduce the cost of regulatory work and the amount of back-and-forth by working through a platform. Suppliers can enjoy greater discoverability of the ingredients they offer. Retailers can get help seeing that vendors adhere to corporate policies, Shenk said at the time.

Firms in the steel and chemical industries, too, are moving to digitize and modernize B2B trade during uncertain times.

“All that a platform really is doing is carrying out the wishes of its users — we’re a big communication pipeline, to some degree, to help the buyers and the sellers agree,” Bryzos CEO Shep Hickey told PYMNTS’ Karen Webster in an interview posted in October 2022.

The Kemiex platforms facilitate digital trade and analytics of raw materials. They include apps and white-label platforms that help customers with trade, risk management, and product carbon footprint (PCF) and greenhouse gas (GHG) reporting, according to the press release.

Their scope currently includes human and animal nutrition and health ingredients. With the new capital, Kemiex plans to speed its expansion into agriculture, chemicals and other physically traded raw materials, the release said.

The company secured the new investment funding from CME Ventures, DTN and Wille Finance, per the release.

“Kemiex’s vertically focused B2B marketplace and digital spot trading technology for physical raw materials offers exciting opportunities in workflow-embedded creation of indices, analytics, data distribution and risk management,” Owain Johnson, managing director and global head of research and product development at CME Group, said in the release.

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