About BluePallet
BluePallet is a Chemicals & Materials company based in Chicago (United States) founded in 2017. Provider of a cloud-based marketplace for chemicals. 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. Its focus areas include Chemicals and Materials Tech, Chemicals Tech, Ecommerce and B2B Marketplace. Its legal entity is SimpleTrade, Inc. Its competitors include Knowde, Covvalent and Chemdex; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- Employees 26
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website bluepallet.io
- Social LinkedIn X
- Legal Name Simpletrade, Inc.
- Total Equity Funding$16.92M (USD)
in 4 rounds
- Latest Funding Round$4.2M (USD), Series A
Nov 2022
- InvestorsVinmar International
& 4 more
- Employee Count26
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 $16.92M
- Total Rounds 4
- Last Round Series A — $4.2M
- First Round $385,000
(Apr 2020)
- Investors Count 5
All 4 funding rounds of BluePallet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $4.2M | Series A | – | Gradient Ventures, Vinmar | – |
| Oct 2021 | $8.33M | Series A | – | Terry Hill, Mathew Brainerd | |
| May 2021 | $4M | Seed | – | – | |
| Apr 2020 | $385,000 | Seed | – | – | – |
5 investors in total: 2 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital arm of Alphabet Inc. investing in AI | gradient.com | Mountain View, United States | ||
Vinmar International is engaged in global petrochemical product distribution. | 1978 | vinmar.com | Houston, United States | |
TH Terry Hill | Indian angel investor with focus on early-stage startups and technology ventures. | unknown_bbf88d3a9d2d4cb9a | ||
MB Mathew Brainerd | unknown_7ba27c47b29f436aa | |||
BS Bruce Schechinger | unknown_c06c5a9a58734b3ca |
Investor details for BluePallet
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People of BluePallet
7 people are tracked at BluePallet (6 in leadership, 1 in team); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
Austin A. Britts | Co-Founder, Strategic Accounts | Leadership |
Kevin Fuller | VP, Customer Success | Leadership |
Salvatore Cacciatore | CTO | Leadership |
Patrick Salomé | Co-Founder & Chief Product Officer | Leadership |
Brian Perrott | President | Leadership |
Alyssa McKinley | Head of People | Leadership |
Justin Myers | Engineering | Team |
Complete people profiles for BluePallet
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Timeline of BluePallet
3 dated milestones of BluePallet across 5 years, from founding to its latest funding, stage changes and deals.
- Founded BluePallet is founded.
- Funding First funding round of $385K.
- Funding Latest funding round, Series A, of $4.2M.
Competitors of BluePallet
BluePallet has 3 listed competitors in our database, 3 of them funded. They include Knowde, Covvalent and Chemdex.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| knowde.com | 2017 | San Francisco, United States | $146M | Chemicals are traded via an online B2B marketplace. | ||
| covvalent.com | 2022 | Lewes, United States | $4.3M | 20 | Specialty chemicals are procured and distributed via an online marketplace. | |
| chemdex.com | 1997 | Carlsbad, United States | $43M | Chemdex operates an online B2B marketplace for chemical products. |
Detailed competitors of BluePallet
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Top companies in Chemicals Tech
3 companies that operate in the same segment as BluePallet (Chemicals Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microbe-based plant protection products and yield optimization services are provided. | 2013 | Boston, Massachusetts, United States | USD 1.4 B | 1,316 | ||
Conductive nanocoatings are delivered via atomic layer deposition technology. | 2013 | Boulder, Colorado, United States | USD 202.75 M | |||
Sustainable bio-based chemicals are manufactured using a proprietary platform. | 2016 | Houston, Texas, United States | USD 656.05 M | 133 |
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Related news about Bluepallet
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Frequently Asked Questions about BluePallet
BluePallet was founded in 2017 and raised its 1st funding round 3 years after it was founded.
BluePallet is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
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 $385K, raised on Apr 2020.
BluePallet has 26 employees.
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.
BluePallet has 5 investors. Key investors include Vinmar International, Gradient Ventures, Terry Hill, Mathew Brainerd, and Bruce Schechinger.
BluePallet operates through Simpletrade, Inc..