Novomer
Latest round
- Series B
Last raised
- Aug 2009
Total raised
- $17M
Investors
- 4
About Novomer
Founded in 2004 in Waltham, US, Novomer specializes in the creation of advanced materials.Novomer specializes in the development of sustainable and innovative materials derived from renewable resources. Their core product lineup includes high-performance polymers and chemicals that are designed to replace traditional petroleum-based products. These materials are engineered for various applications, including packaging, coatings, and polymers, aiming to reduce the environmental impact associated with conventional production processes. The company serves a diverse client base that includes manufacturers in the automotive, consumer goods, and packaging industries, particularly focusing on markets in North America, Europe, and Asia-Pacific.Novomer's revenue model is structured around B2B transactions, primarily through partnerships and direct sales to manufacturers in various industries. The company engages in long-term contracts with clients for the supply of its flagship polymers and chemicals, which are often customized to meet specific industrial requirements. These contracts typically involve negotiated pricing based on volume and product specifications, ensuring that clients receive tailored solutions that align with their operational needs. Additionally, Novomer may explore collaborative ventures to co-develop new materials, further enhancing their revenue potential through shared innovations.Following the acquisition by Danimer Scientific, Novomer plans to leverage its new resources to expand its offerings in bioplastics. The company aims to introduce new products designed specifically for emerging market needs in sustainability by the end of 2023.
Who invested in Novomer
4 investors across 2 rounds
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Questions about Novomer
Who invested in Novomer?
Novomer has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Novomer raised?
Novomer has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Novomer last raise money?
Novomer's most recent round on record is a Series B, in Aug 2009.
What does Novomer do?
Founded in 2004 in Waltham, US, Novomer specializes in the creation of advanced materials.
Where is Novomer headquartered?
Novomer is headquartered in Waltham, US.
Which VCs invest in companies like Novomer?
Among active investors with capital left to deploy, Kimmeridge, GEF Capital Partners, S2G Ventures and CAVU Consumer Partners back materials companies at Novomer's stage. Their profiles are linked below.
VCs backing materials startups at Series B
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