About BluePallet
BluePallet is a company based in Chicago (United States) founded in 2017.. BluePallet has raised $16.92 million across 4 funding rounds from investors including Vinmar International, Gradient Ventures and Terry Hill. The company has 26 employees as of December 31, 2022. BluePallet operates in a competitive market with competitors including Knowde, Covvalent, Chemdex, SimpleTrade and Kemgo, among others.
- Headquarter Chicago, United States
- Employees 26 as on 31 Dec, 2022
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Simpletrade, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.92 M (USD)
in 4 rounds
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Latest Funding Round
$4.2 M (USD), Series A
Nov 08, 2022
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Investors
Vinmar International
& 4 more
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Employee Count
26
as on Dec 31, 2022
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Funding Insights of BluePallet
BluePallet has successfully raised a total of $16.92M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.2 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $4.2M
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First Round
First Round
(08 Apr 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - BluePallet | Valuation | Gradient Ventures , Vinmar |
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| Oct, 2021 | Amount | Series A - BluePallet | Valuation | Terry Hill , Mathew Brainerd | |
| May, 2021 | Amount | Seed - BluePallet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BluePallet
BluePallet has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Vinmar International, Gradient Ventures and Terry Hill. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital arm of Alphabet Inc. investing in AI
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Founded Year | Domain | Location | |
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Vinmar International is engaged in global petrochemical product distribution.
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Founded Year | Domain | Location | |
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TH
Terry Hill |
Indian angel investor with focus on early-stage startups and technology ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BluePallet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BluePallet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bluepallet Comparisons
Competitors of BluePallet
BluePallet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Knowde, Covvalent, Chemdex, SimpleTrade and Kemgo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Chemicals are traded via an online B2B marketplace.
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| domain | founded_year | HQ Location |
Specialty chemicals are procured and distributed via an online marketplace.
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| domain | founded_year | HQ Location |
Chemdex operates an online B2B marketplace for chemical products.
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| domain | founded_year | HQ Location |
A chemicals trading marketplace is provided for producers and buyers.
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| domain | founded_year | HQ Location |
An online B2B marketplace for chemical supplies is facilitated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bluepallet
Frequently Asked Questions about BluePallet
When was BluePallet founded?
BluePallet was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is BluePallet located?
BluePallet is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is BluePallet a funded company?
BluePallet is a funded company, having raised a total of $16.92M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Apr 08, 2020.
How many employees does BluePallet have?
As of Dec 31, 2022, the latest employee count at BluePallet is 26.
What does BluePallet do?
BluePallet was founded in 2017 in Chicago, United States, within the chemicals sector. A cloud-based platform is operated to facilitate connections between chemical sellers and buyers. Private groups are enabled for users to buy, sell, and share inventory among members. Data collection and transaction monitoring are included as key features to support operations.
Who are the top competitors of BluePallet?
BluePallet's top competitors include Knowde, Covvalent and SimpleTrade.
Who are BluePallet's investors?
BluePallet has 5 investors. Key investors include Vinmar International, Gradient Ventures, Terry Hill, Mathew Brainerd, and Bruce Schechinger.