chembid GmbH

Based in Germany, chembid GmbH functions as a digital marketplace tailored for the chemical industry, streamlining the interaction between buyers and sellers while enhancing procurement efficiency. chembid GmbH is dedicated to creating a digital platform for the chemical industry. Founded in 2016 and headquartered in Oldenburg, Germany, the company has made one significant deal as of February 2, 2021. Mr.

Stefan Schweikart is the current CEO, and the firm has not undergone any significant pivots or mergers since its inception. chembid. com specializes in delivering a digital marketplace specifically for the chemical sector, enabling users to search for chemical products, compare prices, and identify various suppliers. The platform serves both B2B and end-user clients, providing a searchable database of chemical products, price comparison tools, and extensive supplier listings.

It addresses sourcing and supply chain management challenges across numerous sectors, including pharmaceuticals, agriculture, and manufacturing, and serves clients in Europe, North America, and parts of Asia. In 2016, chembid. com reported a revenue of USD 213. 10 mn and an EBITDA of USD 15.

98 mn. The company's revenue model consists of subscription fees, transactional fees, and partnerships with chemical suppliers and manufacturers, which facilitates B2B transactions and enhanced visibility for listed products. In February 2021, chembid GmbH raised an undisclosed amount of venture funding led by Evonik Venture Capital. The funding will be utilized to strengthen its e-commerce activities and improve online customer interactions.

The company is focused on enhancing its platform and may target expansion into new geographic regions to enhance its market presence.