BluePallet, an online marketplace connecting manufacturers with the chemical industry, announced today that it has raised $5 million in a funding round led by Vinmar Ventures, a subsidiary of petrochemical manufacturer Vinmar International. The startup also announced today that it has become the first industrial commerce platform to “officially” operate on Alibaba.com. This means that […]
BluePallet aims to disrupt industrial commerce with ‘decentralized’ marketplace for chemical products
May 11, 2021 at 11:07 am
BluePallet CEO Scott Barrows. (BluePallet Photo)
New funding: BluePallet, a startup with roots in Seattle, has emerged from stealth mode with $4 million in new funding. The company operates a marketplace for the chemical industry.
Founded last year, BluePallet aims to change the way chemical producers, distributors, and end users connect with each other. Companies use it to find new regions to sell products; to serve existing customers; to move inventory; and more. It charges a monthly fee per connection, versus the traditional marketplace model of charging a fee on every transaction.