Comivo

Online marketplace for chemicals

Company Information

Website:

https://www.comivo.com/

Sector:

eCommerce

Location:

Pasadena, California

As the world's first online marketplace for Chemicals, Comivo aims to provide a secure and streamlined solution for chemical transactions.

Its system incorporates the entire workflow of chemical transactions -- from research and comparison shopping, to purchasing, financing, and shipping.

The company believes that the $5.2 trillion chemical industry is fragmented, slow, and inefficient, and that it represents a big opportunity, prime for a disruptive business model.

Comivo bring buyers, sellers and industry professionals together establishing a forum where they can do business, engage and share information.

Features and benefits of the marketplace include:

- A transaction platform that allows buyers to receive multiple offers and negotiate the best deal.

- An online community that allows chemical industry professionals the opportunity to discuss and share information.

- A chemical directory that details 1.4 million products.

- Online reviews to deliver a greater level of transparency and trust for buyer transactions.

- On-demand pricing for thousands of chemicals.

- Lending for purchasers.

The company was founded by experts from the chemical and finance industry..

Team Background

Kwon Si - Founder & CEO

Kwon Si has been in the chemical industry for more than twenty years.

He received his Ph.D. in Electronic Transactions from the Hong Kong Polytechnic University.

He also received a degree from Cornell University in Business Administration and Management.

Dane Madsen - Co-Founder and COO

Dane is a pioneer in online directory and eCommerce and was Founder of YellowPages.com, acquired by Bell South and Southwest Bell in 2004.

Imran Mukati - Co-Founder & CFO

Imran Mukati has over 19 years of experience with institutional financial clients including companies in the public and private sectors, municipal entities, and endowments.

His responsibilities have included managing certain esoteric/special situation new issue/secondary deals as well as specialized private equity opportunities focusing on fundraising for emerging businesses in technology, finance, real estate, cannabis, healthcare/pharma, and entertainment.

Mr. Mukati formerly ran the 24 hour trading desk for Andes Capital Group, LLC in Chicago. And before that, was a financial advisor for Morgan Stanley.

Mr.Mukati holds a B.S. in Finance from DePaul University.

Co-Investors

Raising
$2 million
Committed
$300K (15%)
Current Valuation
$10 million Cap / 20% Discount
Min. Investment
$25000
Deal Type
Title II
(For accredited investors only)
Offering Type
Convertible Debt
Finance History
  • $1 million
    2015-10-01
    Unknown Lead
Notable Investors
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