# MSDSonline

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/msdsonline

- Industry: Software
- Headquarters: Chicago, US
- Website: www.msdsonline.com
- Total disclosed funding: $3M
- Latest round: Series D (Aug 24, 2007)
- Investors on record: 2

## About

MSDSonline is a software company that specializes in chemical management solutions aimed at ensuring regulatory compliance and enhancing workplace safety for various industries.Founded in 1996 and headquartered in Chicago, US, MSDSonline provides software for hazardous materials management. In April 2012, ICG Group Inc. acquired the company for USD 48 mn. The CEO, Glenn Trout, leads the organization, which has been involved in 3 funding deals to date, with the latest round being a Trade Sale amounting to USD 48 mn.MSDSonline specializes in comprehensive chemical management software that helps organizations manage hazardous materials while ensuring compliance with safety regulations. Their software includes a chemical inventory management system that allows tracking across multiple facilities, along with features like 24/7 emergency support and mobile access to Safety Data Sheets (SDSs). They primarily serve industries such as manufacturing, pharmaceuticals, and food and beverage, focusing on corporate safety managers and compliance officers.The company generates revenue through a subscription-based model as part of its VelocityEHS Accelerate® Platform, which allows clients to access their chemical management software on a recurring basis. This model ensures that clients benefit from ongoing updates and new features without the need for on-premise installations. Revenue is derived from contracts with businesses of various sizes, with flagship products like the VelocityEHS Chemical Management Software being crucial to their revenue strategies.Following the acquisition in April 2012, MSDSonline plans to leverage the recent funding to enhance its product offerings and expand into new geographic markets. The company is focusing on developing new software solutions that cater to emerging regulatory requirements. Specific targets for expansion include markets in Europe and the Asia-Pacific region, with a timeline for rollout expected within the next few years.

## Funding rounds

- Series D, Aug 24, 2007, $3M — Foundation Capital, KGC Capital

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series D
- KGC Capital (https://capitalatlas.ai/funds/kgc-capital) — Series D