3i leads E8m second round financing for ChemUnity

Chemical e-marketplace ChemUnity.com will use the funds to develop software.

3i has led an E8m second round financing of ChemUnity.com, a European e-marketplace. Initial investor Gilde IT Fund also participated in the round.

ChemUnity will use the capital to concentrate on the development of the next generation of software and to develop the business.

Guus Overdijkink of 3i Europe plc Benelux said: “One of the most important reasons for 3i's investment in ChemUnity is the experience of the founders, the board and the management team. They all have extensive knowledge of chemical marketplaces.”

ChemUnity is an e-marketplace for chemicals, actively trading products such as caustic soda, solvents and acids. The company, which was founded in late 1999, visits all suppliers before informing the potential buyers about products.

Over 800 producers, traders and consumers visited to date and over 350 have registered.

The company employs has a staff of 32 in eight European countries.