VC Fund Investments
Data mgmt enabler for chemical cos Polymerize raises $4.2 M from Elevation Capital, InfoEdge
Polymerize, a Singapore-based software-as-a-service (SaaS) startup, has raised USD 4.2 million in a funding round led by Elevation Capital. The round also saw participation from existing investor InfoEdge Ventures. Polymerize plans to use the new funds to ramp up hiring and expand its footprint across India, Japan and the US. Polymerize helps research and development (R&D) teams in chemical companies simplify formulation development and data management. It raised USD 590,000 in a seed round in October 2020, led by InfoEdge Ventures. The company has so far acquired customers across three markets - Japan, Singapore and India. It will focus on companies across automotive, adhesives, paints and coatings, speciality chemicals, and packaging.
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