Transportation and logistics company Schneider National Inc. led a Series A funding round for online chemical marketplace startup ChemDirect, according to a recent announcement. Both companies are based in Green Bay.
The June 30 announcement did not disclose the terms of the deal, but an April report from PitchBook Data Inc. and the National Venture Capital Association showed ChemDirect raised $6.59 million at a $32 million post-money valuation. It was the third-largest venture capital deal in Wisconsin in the first quarter, according to the report.
That investment was a portion of the company’s Series A round, ChemDirect founder and CEO Tyler Ellison said in an email. There were a total of around 15 investors in the now-closed round, he said.