Mstack Chemicals secures $40M to disrupt global speciality chemical manufacturing across more countries
Summary
Capturing this moment, , has raised $40M to double down on its mission to disrupt a historically flawed supply chain for specialty chemicals.The companys $40M Series A round was co-led by Lightspeed and Alpha Wave and included a debt facility from HSBC Innovation Banking as well as an all star lineup of angel investors. MStack will deploy the freshly infused capital to expand its footprint across the Middle East, Latin America and Asia, while continuing to strengthen its presence in the United States and other geographies.Bejul Somaia, Partner at Lightspeed, added: Geopolitical dynamics pose risks for supply chain disruptions in the global specialty chemicals market. Mstack enables mid to large enterprise buyers across the globe, especially in North America to source chemicals from its tech-enabled network of capacities located in low-cost production countries. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Acceldata, Carta, Cato Networks, Darwinbox Epic Games, Faire, Innovaccer, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, OYO Ultima Genomics and more. It is led by Rick Gerson, Navroz Udwadia, and Ryan Khoury.Alpha Wave has offices in Miami, New York, London, Monaco, Madrid, Abu Dhabi, Tel Aviv, Bangalore, and Sydney.