The investment round has been led by ACT Venture Partners with participation from Axon Partners Group, Abac Nest Venture Capital and GROW Venture Partners.
Nextmol, a pioneering spin-off company from the Barcelona Supercomputing Center that provides computational chemistry solutions to accelerate the R&D of sustainable speciality chemicals, has successfully closed its first funding round. This round will boost its product development and sales efforts to better support the chemical industry’s green and digital transition.
Nextmol drives forward R&D teams in the speciality chemicals industry with cutting-edge deep technology, empowering their customers to excel in launching new products into the market. Already collaborating with top-tier customers, with this funding round, Nextmol will continue to invest in the high-quality technology they have been developing, which is based on molecular modelling and AI.
Traditionally, the chemical industry has relied on time-consuming and inefficient experimental methods for R&D. However, experimental trial-and-error approaches are too slow to meet the demands of the transitioning chemicals sector. Nextmol’s Software-as-a-Service computational lab addresses this demand in speciality chemicals and stands out for its focus on complex polymer and surfactant chemistries. The solution significantly reduces both the time and cost associated with R&D processes. By offering molecular characterization without the need for chemical synthesis, Nextmol delivers up to 9 times cost savings and 5 times faster R&D timelines.
The startup not only contributes to the digitalization of the chemical industry by making the most advanced computational solutions accessible to companies of all sizes but also supports customers’ Green Deal goals by helping them design more sustainable chemicals. Today, the industry consumes 14% of all oil and 8% of all gas supply as feedstock and fuel while also impacting other industries, as more than 95% of all manufactured goods involve chemical products.
Gokhan Guner, Managing Partner at ACT Venture Partners, sees Nextmol `as an accelerator in the chemical industry’s green and digital transition. Behind our decision to invest, there is Nextmol’s unique approach to addressing critical needs for accelerated and sustainable innovation in the chemical industry, its strong team with deep expertise, and its significant potential for growth and environmental impact. We are excited to collaborate with Nextmol and support their vision to lead in computational chemistry and sustainable chemical design on a global scale.`
Luis Castañeda, partner at Axon Partners Group, comments `The chemicals industry is one of the largest consumers of fossil carbon supply for material use. We are confident that Nextmol will be a catalyst in driving the industry shift towards sustainability and digitization with its pioneer approach to computational chemistry`.
Francisco Badia, partner at GROW Venture Partners, emphasizes `not only the technical capacity of the team but also its human dimension. We are delighted to support Monica and Stephan in this new challenge of scaling up their technology to make it accessible to a wider number of companies´.
Joan Pina, partner at Abac Nest Venture Capital, says ¨`Nextmol is boosting R&D teams to find excellence. The multinational clients already using Nextmol are taking advantage of their deep tech capabilities to be more competitive in launching new products into the market. For Abac Nest Venture Capital, it is a privilege to have the opportunity to join Nextmol on the path to transform the specialty chemicals industry´.
With a customer base that includes reputable chemical companies and corporates, Nextmol is ready to drive impactful change within the industry. The latest investment led by ACT Venture Partners will fuel product development and growth, determining Nextmol’s position as a leader in the green and digital transformation of the chemical sector. ´We are pleased to be backed by these strong investors, which are fully aligned with our goals and values. We look forward to this growth path together´, says Dr. Monica de Mier, CEO of Nextmol.
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