Mstack Chemicals Secures $40 Mn

Mstack, a US-based custom manufacturing platform, has raised USD 40 million to double down on its mission to disrupt a historically flawed supply chain for speciality chemicals. The funding round was co-led by Lightspeed and Alphawave and included a debt facility from HSBC Innovation Banking as well as an all-star lineup of angel investors.

Mstack plans to deploy its newly infused capital to expand across the Middle East, Latin America, and Asia while reinforcing its presence in the United States and other key regions. The pandemic exposed two vital realities in manufacturing: global supply chains and the critical role of chemical suppliers. As Europe's chemical giants struggle with persistent losses and rising costs, and the China+1 strategy drives businesses to explore new markets, the need to diversify chemical sources is accelerating—making Mstack's expansion more timely and strategic.

Shreyans Chopra, Founder, Mstack, commented: “This new funding affirms investor confidence in our vision and technology to transform global markets. It enables us to expand geographically and intensify our research and development efforts. We will continue innovating to meet our customers' evolving needs. Our research and development team in India is poised to commercialize multiple chemicals soon. Plans include establishing advanced labs to drive innovation and IP creation while offering custom formulations and process innovation through our on-demand platform.”

The company said that through its well-established network of approved speciality chemical capacities in low-cost, high-quality regions – like India, the Middle East, and Asia – Mstack offers mid-to-large scale enterprises a full-stack solution for sourcing speciality chemicals through a reliable supply chain that is secure against geopolitical disruptions. This allows the company to serve price-sensitive buyers across the world with preferential pricing while maintaining a strong commitment to quality, reliability, and consistency.

Notably, the company said that it has codified its entire operation into a single platform, allowing buyers to source, test, ship, deliver, and track all of their speciality chemicals in one place. This meticulous control ensures that Mstack can consistently meet its value proposition of reliable and timely delivery. 

Bejul Somaia, Partner, Lightspeed, said, “Geopolitical dynamics pose risks for supply chain disruptions in the global speciality chemicals market. With demand for these chemicals growing rapidly, there is a need to increase R&D investments and unlock new pockets of supply. As the first institutional investor in Mstack, we believe that the company has tremendous potential to lead this transformation.”