“Chemical companies can no longer afford to be passive about restructuring their business models or technological transformations.” -PWC
An Industry Need for Comivo
The $5.2 trillion-dollar chemical industry is fragmented, slow, and inefficient. It represents a huge opportunity, prime for a disruptive business model via a global economy. Comivo has developed a marketplace to alleviate the industry’s problems and revolutionize the way chemical business moves around the world.
Comivo Inc. is based in San Jose, California .
Large market with big problems. The $5.2 trillion-dollar chemical industry is fragmented1, slow, inefficient and ripe for a disruptive technology that delivers high-impact innovation on the scale of Uber or Airbnb. COMIVO is the first-ever online chemical marketplace developed to alleviate the industry’s problems and revolutionize the way that international chemical business is transacted.
Proven management experience. COMIVO was formed in 2015 by chemical industry professionals with decades of experience who foresaw the need for an on-demand online marketplace designed specifically for industrial users. The company closed a $1 million seed round in 2015 and launched www.comivo.com in 2016, attracting thousands of active users.
Transparency and reliability. An in-development release of the platform will enable buyers to easily obtain real-time quotes and place orders through a highly-secure transaction processing system in which sellers are rated on performance. Measures to maintain rating integrity are built into the platform, which is moderated with machine learning, community input and company oversight.
First mover advantage. COMIVO’s integration of content, collaboration, bidding, payment and logistics is the first solution of its type for the chemical industry
Focus on high-value markets. The company provides substantial savings to buyers and sellers that operate in the downstream segment where high-value chemicals are required in small-to-medium-sized quantities and are not commodity priced or purchased in sophisticated brokerage markets.
Marketplace approach. Globalization and innovation have created a demand for millions of chemicals by not only SME manufacturers but all industry players. COMIVO’s fully-integrated marketplace approach streamlines the chemical business while eliminating costly problems in the chemical supply chain. It also provides secure communication between buyers and sellers in every phase of a closed-loop procurement process—an essential feature in a competitive industry.
#1 Global Chemical Marketplace
Initial platform is complete.November, 2016
Road map is finished.November, 2016
1200+ users have signed up.November, 2016
Inquiries are starting.November, 2016
Team is in place.November, 2016
COMIVO has moved from Pasadena, CA and now headquartered in San Jose, CA.March, 2017