Accel and Bertelsmann India Investments led a $40m Series B funding round in Scimplify.

Accel, an early and growth-stage venture capital firm, and Bertelsmann India Investments, a venture capital fund, led a $40m Series B funding round in Scimplify, a full-stack platform for research, development, and manufacturing of specialty chemicals, with participation from UMI, Omnivore, and 3one4 Capital. “The global supply chain for specialty chemicals is at an inflection point. Traditional manufacturing supply chains, lack the flexibility required in todays geopolitical environment as well as the rapid changes in end customer requirements. Scimplify is building an R&D led global manufacturing network which allows for flexibility coupled with innovation. At Accel, we have had a long standing thesis that R&D led speciality chemical companies which take advantage of the deep pool of manufacturing capabiltiies in India and globally can create global giants. We have been following the Scimplify journey from day 0 and their execution has been impressive. We look forward to this partnership and working with the team over the next decade,” Rachit Parekh, Accel Principal.