Knowde, an online marketplace for ingredients, polymers and chemistry, announced it has raised $72 million in Series B financing. Coatue Management LLC led the effort, while existing Knowde investors Sequoia Capital, Refactor Capital, Bee Partners and Cantos Ventures also participated. New investors in this round of financing include Sound Ventures, TQ Ventures, K5 Global and Mantis VC.
“Digital marketplaces have the power to transform industries,” Coatue Managing Partner Kris Fredrickson said. “We’re excited to partner with Knowde because we believe in the company’s vision to re-shape the way marketing and sales are done in one of the largest industries in the world.”
Based in San Jose, Calif., Knowde began as a digital marketplace comparable to Amazon or eBay for chemistry, and, in May, it launched a platform for plastics, elastomers and polymer.
