Novomer
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$6.6m | Series A | ||
$14.0m | Early VC | ||
N/A | $800k | Grant | |
N/A | $18.4m | Grant | |
$10.0m | Debt | ||
$15.0m | Debt | ||
$20.0k | Grant | ||
N/A | N/A | Series A | |
$152m Valuation: $152m | Acquisition | ||
Total Funding | CAD54.3m |
Recent News about Novomer
EditNovomer is a pioneering company in the chemical manufacturing industry, focusing on the development of sustainable, high-performance polymers and chemicals. The company operates in the market for industrial chemicals, serving clients who require cost-effective and environmentally friendly solutions. Novomer's business model revolves around its patented Novo 22 process and intelligent design, which enable the production of carbon-efficient and cost-effective products such as Acrylic Acid, Acrylamide, and Acrylonitrile. These products are seamlessly integrated into existing supply chains, offering a sustainable alternative to traditional chemical manufacturing methods. Novomer generates revenue by selling these innovative chemical products to manufacturers and industries that prioritize sustainability and cost efficiency. The company's commitment to using plant-based and renewable feedstock positions it at the forefront of the sustainable manufacturing movement. With a team of expert problem solvers and a culture of rapid innovation, Novomer is well-equipped to respond to future opportunities in the chemical industry.
Keywords: Catalytic Innovation, Carbon Efficiency, Cost Effective, Polymers, Chemicals, Renewable Feedstock, Sustainable Manufacturing, Acrylic Acid, Acrylamide, Acrylonitrile.