Elchemy, a tech-driven cross-border specialty chemical distribution platform, announced the successful completion of its $5.6 million Series A funding round. The round was led by Prime Venture Partners, along with participation from existing investor InfoEdge Ventures.

Founded in 2021 by chemical engineer Hardik Seth and a software developer Shobhit Jain, Elchemy has demonstrated remarkable growth, serving over 80 clients globally, with a particularly strong presence in North America.

Hardik Seth, Co-founder of Elchemy, said, “This Series A funding validates our innovative approach to solving complex supply chain challenges in the specialty chemicals industry. With the support of Prime Venture Partners and InfoEdge Ventures, we are well-positioned to enhance our technological capabilities and expand our global footprint, particularly in North America, where we see tremendous growth potential. We want to continue to be cross-border given the size of the opportunity.”

Since raising $2 million in its seed round led by InfoEdge Ventures in 2022, Elchemy has built a robust platform that addresses critical pain points in specialty chemical distribution. The company's end-toend fulfillment capabilities, including supplier discovery, quality assurance, and cross-border logistics, have resulted in consistently high customer satisfaction rates through on-time, in-full deliveries.

Shobhit Jain, Co-founder of Elchemy, added, “Our technology platform is a core differentiator in the industry, which allows customers to procure, track orders and documents, get customer support – all from a single platform. We've also developed sophisticated applications for customer lifecycle management, freight optimization, and supply chain visibility. This funding will accelerate our tech investments enabling us to build the digital backbone of global specialty chemicals distribution.”

With this Series A funding, Elchemy will establish a dedicated team in the U.S. to better serve its North American customers, strengthen its tech leadership, and invest in advanced supply chain visibility solutions.