# Dunia Innovations UG

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dunia-innovations

- Industry: Materials
- Headquarters: Berlin, Germany
- Website: www.dunia.ai/
- Total disclosed funding: $12M
- Latest round: Seed (Aug 15, 2024)
- Investors on record: 4

## About

Founded in 2022 and based in Berlin, Germany, Dunia Innovations UG specializes in the discovery and development of electro-active materials. Alexander Hammer (CEO), Ahmed Ismail (COO), and Marcus Tze-Kiat Ng (CTO) are the co-founders of the company. In October 2024, Dunia Innovations UG raised USD 11.5 million in venture funding co-led by Elaia Partners and Redalpine, including EIC Partners, Pace Capital Ventures, Kindred Capital, Deep Science Ventures, and Anglo American.

Dunia specializes in the discovery and development of electro-active materials, which are crucial for reducing reliance on fossil fuels in the chemical industry. The company's approach leverages advanced robotics and algorithms to accelerate the research and development timeline for these materials, achieving results up to ten times faster. The scalability of the firm's products allows for rapid deployment across applications in the sustainable fuels and chemicals sectors. Dunia targets industries focusing on sustainability and environmental responsibility, with clients that include chemical manufacturers and companies investing in sustainable solutions.

Dunia's revenue model is primarily based on B2B transactions, providing electro-active materials to clients through partnerships and direct sales.

The organization plans to use the October 2024 funding to expand its operations and enhance its development efforts.

## Funding rounds

- Seed, Aug 15, 2024, $12M — Hong Shan, Elaia Partners, Redalpine, Pace Capital

## Investors

- Hong Shan — Seed
- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Seed
- Redalpine (https://capitalatlas.ai/funds/redalpine) — Seed
- Pace Capital (https://capitalatlas.ai/funds/pace-capital) — Seed