# Novomer

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

- Industry: Materials
- Headquarters: Waltham, US
- Website: www.novomer.com
- Total disclosed funding: $17M
- Latest round: Series B (Aug 19, 2009)
- Investors on record: 4

## About

Novomer is a company focused on developing sustainable materials from renewable resources, offering innovative solutions that replace traditional petroleum-based products with high-performance polymers and chemicals.Founded in 2004 in Waltham, US, Novomer specializes in the creation of advanced materials. The company was acquired in July 2021 by Danimer Scientific for USD 152 mn, marking a significant transition in its business operations.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. By leveraging advanced chemical processes, Novomer's products address the growing demand for sustainable materials while providing performance that meets or exceeds market standards.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. This structured approach enables Novomer to maintain strong relationships with its client base while driving revenue growth through sustainable product offerings.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. This strategic direction is supported by the recent funding of USD 152 mn, which will facilitate investment in product development and market expansion initiatives, particularly targeting regions in Europe and Asia-Pacific.

## Funding rounds

- Series B, Aug 19, 2009, $14M — Flagship Pioneering, OVP Venture Partners, Physic Ventures, DSM Venturing
- Series A, Oct 10, 2007, $3M — Flagship Pioneering, Physic Ventures

## Investors

- Flagship Pioneering (https://capitalatlas.ai/funds/flagship-pioneering) — Series A, Series B
- Physic Ventures (https://capitalatlas.ai/funds/physic-ventures) — Series A, Series B
- OVP Venture Partners (https://capitalatlas.ai/funds/ovp-venture-partners) — Series B
- DSM Venturing (https://capitalatlas.ai/funds/dsm-venturing) — Series B