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[Funding alert] Berlin-based DUDE CHEM Secures €6.5 Million in Seed Funding

Feb 7, 2024 | By Startup Rise EU

Berlin-based DUDE CHEM secures €6.5 million in seed funding to support the chemical and pharmaceutical industries' transition to more cost-effective, sustainable local production.

Berlin-based DUDE CHEM secures €6.5 million in seed funding to support the chemical and pharmaceutical industries' transition to more cost-effective, sustainable local production.

Prominent venture capital companies Vorwerk Ventures and b2venture co-led the investment round. Frontline, Borski Fund, Auxxo, and Push Ventures are more investors.

Read also - Saleor Secures $8 Million in Seed Extension Round Funding

With the money, the business plans to hire more scientists and bring back the initial product, which will protect the supply chain for one of the top manufacturers of generic drugs in Europe.

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By providing greener manufactured active pharmaceutical ingredients (APIs) and intermediates, DUDE CHEM, an asset-light green chemistry company, is upending the €5.5 trillion worldwide pharma-chemical industry and fostering the development of Europe's next generation of pharmaceutical production.

Read also - Harjumaa-based Martech company Analytical Alley Raises €700k in Funding

The firm is building on a strong momentum of returning essential infrastructure, such medicine manufacturing back to Europe, by leveraging a network of manufacturers for the next generation of pharmaceutical production in Europe, with the goal of revolutionizing the whole pharma-chemical industry.

Sonja Jost, co-founder and CEO of DUDE CHEM said, “Our ambition is to make Europe a major hub for chemical-pharmaceutical production again and secure critical infrastructure, With our novel approach, we are able to demonstrate that by utilizing the innovation power of Green Chemistry, we can significantly reduce costs as well. We’re thrilled to contribute to a higher resilience of Western supply chains and support a sustainable reindustrialization.”

Dr. Dominik Steinkühler, Partner at Vorwerk Ventures said, “DUDE CHEM uniquely combines deep chemical expertise with innovative technology to enhance environmentally friendly chemical production. We are happy to back such a skilled and passionate team, Their proposition of repatriating supply chains at competitive costs while simultaneously diminishing the environmental footprint of chemical production is compelling.”

Anna Bosch, Principal at b2venture said, “I was very impressed by the DUDE CHEM team’s industry experience, deep scientific background and determination. The shift towards sustainability and environmentally-friendly practices is rapidly gaining momentum in the chemical industry, and in light of supply chain crises, there are strong incentives towards bringing critical infrastructure such as medicine manufacturing back to Europe,”

A group with extensive industrial experience and a solid scientific background founded Berlin-based DUDE CHEM in 2021. DUDE CHEM's technology is founded on decades of research at European research institutes, with its origins in the scientific cluster of excellence in the field of catalysis UniSysCat (previously UniCat) at the University of Technology Berlin.

Read also - Cosmic Aerospace Secures $4.5 Million in a Seed Round Funding

About DUDE CHEM

DUDE CHEM is a well-known manufacturer of environmentally friendly chemicals. By acting as a virtual deep tech manufacturer, they help to make the current pharma-chemical business more environmentally friendly by facilitating a more environmentally friendly supply of medications and their intermediates.

Read also - Georgian Martech Startup STORI Secures $500,000 in a Pre-Seed Round Funding

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