# Alchemy

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

- Industry: Materials
- Headquarters: Kitchener, Canada
- Website: www.alchemynano.com
- Latest round: Seed (Jun 1, 2015)
- Investors on record: 1

## About

Based in Canada, Alchemy specializes in nanotechnology, creating advanced nanocoatings that enhance surface properties for various industries. Their innovative solutions improve product durability, resistance, and longevity across multiple applications.Alchemy, founded in 2013 in Kitchener, Canada, focuses on providing nanotechnology solutions through protective coatings. The company has engaged in two notable deals, with its most recent funding round being a Grant of CAD 1.8 million from FedDev Ontario on February 12, 2025, supporting their product commercialization efforts. The CEO, Khanjan Desai, leads the company with a commitment to innovation in the nanotechnology space.Alchemy specializes in next-generation nanocoatings that leverage advanced nanotechnology to enhance surface properties across various applications. Their core product offerings focus on creating durable, protective coatings that improve resistance to wear, corrosion, and environmental factors. These coatings serve a wide range of industries including automotive, aerospace, electronics, and consumer goods, addressing specific challenges such as surface degradation and maintenance costs. Alchemy aims to serve diverse clients, including manufacturers and industrial partners seeking innovative solutions to enhance product longevity and performance, with products available in key markets such as North America, Europe, and parts of Asia.Alchemy generates revenue through a B2B model, primarily supplying nanocoatings to manufacturers and industrial clients via direct partnerships and contractual agreements. Clients place orders based on specific needs and application requirements, with tiered pricing plans that may include volume discounts or subscription arrangements for long-term customers. Repeat purchasing cycles are typical as clients integrate Alchemy's coatings into their production processes, contributing to ongoing revenue streams, with pricing and product details tailored to each client's unique specifications.In February 2025, Alchemy received CAD 1.8 million in grant funding from FedDev Ontario, which will be utilized to commercialize their products. The company plans to introduce new products designed to meet specific market demands, although release dates are not specified. They are also targeting expansion into additional markets, particularly in North America and Europe, to enhance their global footprint and integrate their solutions into diverse production lines. In September 2025, Alchemy raised USD 6 million in venture funding from new investors Pathfinder Asset Management and Pembroke VCT, with participation from other unspecified investors. The company will use the funding to advance thermal camouflage and windshield protection technologies, expand manufacturing in Canada, and support international partnerships.

## Funding rounds

- Seed, Jun 1, 2015 — Newfund

## Investors

- Newfund (https://capitalatlas.ai/funds/newfund) — Seed