Mstack, a U.S.-based custom manufacturing platform that enables global buyers to source premium specialty chemicals, has secured $40 million in funding to advance its mission of transforming the traditionally inefficient supply chain for specialty chemicals. The company's Series A funding round, amounting to $40 million, was co-led by Lightspeed and Alpha Wave Global. Additionally, the round included a debt facility from HSBC Innovation Banking and featured contributions from a prominent group of angel investors.

This substantial capital injection will allow Mstack to further its efforts in addressing key challenges within the specialty chemicals supply chain, which has long been characterized by inefficiencies and disruptions.

MStack plans to use the newly raised capital to extend its operations across key regions, including the Middle East, Latin America, and Asia, while also reinforcing its presence in the United States and other global markets. The company's expansion aims to address growing demand and strengthen its international footprint in the specialty chemicals sector.

Bejul Somaia, a Partner at Lightspeed, highlighted the importance of mitigating risks associated with geopolitical factors that could disrupt the global supply chain for specialty chemicals. He emphasized that as demand for these chemicals continues to grow at a rapid pace, there is an increasing need to boost research and development efforts and explore new supply sources. As Lightspeed's first institutional investment in MStack, Somaia expressed strong confidence in the company's potential to drive significant change in the industry. He remarked that the recent funding round would enable MStack to fully harness the capabilities of its technology-driven platform and pursue innovative research initiatives. These efforts are expected to deliver high-quality specialty chemical products to customers around the world, solidifying MStack’s leadership in the market transformation.

Shreyans Chopra, the Founder of Mstack, stated that the recent funding is a strong endorsement of the company's vision and technological capabilities to revolutionize global markets. He noted that this investment will allow Mstack to expand its geographical presence and ramp up research and development activities. Chopra emphasized that the company is committed to continued innovation to meet the changing needs of its customers. He also mentioned that Mstack's R&D team in India is on the verge of commercializing several new chemicals. Looking ahead, the company plans to establish advanced laboratories to foster innovation, create intellectual property, and offer custom formulations and process innovations through its on-demand platform.

Navroz D. Udwadia, Co-Founder and Partner at Alpha Wave Global, expressed excitement about partnering with Mstack, recognizing the company's crucial role in transforming the global specialty chemicals supply chain. He highlighted that the recent funding will bolster Mstack's R&D efforts, particularly in collaborating with vendors to co-create new products. Udwadia also expressed his eagerness to work closely with the Mstack team to deliver cost-effective and efficient solutions to customers, ultimately driving incremental returns on investment (ROI) for them.

Mstack was established in 2022 with the goal of creating a cross-border brand specializing in the production and supply of specialty chemicals.