SOLVE Chemistry raises £4m in seed funding led by XTX Ventures to scale chemical research and manufacturing
The seed round was led by XTX Ventures to expand team capacity and boost production capabilities.
SOLVE Chemistry develops artificial intelligence models and high throughput hardware to accelerate chemical research and manufacturing. The London based firm works with major pharmaceutical and agrochemical producers.
SOLVE Chemistry has secured £4m in seed funding to expand its team and quadruple its production capacity. XTX Ventures led the round, with participation from SuperSeed, Creator Fund, and Endgame Capital.
The capital will support the company as it scales its artificial intelligence platform and high throughput data collection hardware. The technology aims to help pharmaceutical and agrochemical manufacturers design production lines significantly faster and more sustainably.
The business originated as a spinout from Imperial College London, building upon research sponsored by chemical company BASF. It has since grown rapidly, moving from university labs into dedicated facilities in West London.
From the founder
"Across the different chemical industries everyone wants to be more efficient and produce the compounds society needs quicker, despite the challenges industry faces. We are helping pharmaceutical, agrochemical, and specialty chemical companies do just that."
Linden Schrecker
CEO at SOLVE Chemistry
Investor perspective
"We backed SOLVE Chemistry from day one because of their potential to transform the speed new drugs and agrochemicals are produced, as well as the founders’ infectious drive. In just 18 months, they’ve won over some of the world’s biggest companies. We’re thrilled to welcome new top-tier investors and continue supporting SOLVE Chemistry as they scale."
Al Giles
Venture Partner, Creator Fund
Use of funds
- 01Grow the team
- 02Scale operations
Investors
Categories
About the company
SOLVE Chemistry
SOLVE Chemistry develops artificial intelligence and hardware to modernise chemical research and manufacturing.