ExoMatter funding news – Munich-based ExoMatter Secures €1.7 Million in Pre-Seed Funding

ExoMatter uses AI and quantum chemical modeling to change how materials are researched and developed. This helps companies find new materials that are better in terms of performance, cost, and sustainability. ExoMatter speeds up the material development process by up to 90%, which cuts costs and greenhouse gas emissions, making it more efficient and environmentally friendly.

Susanne Fromm, co-founder of Vanagon Ventures alongside Sandro Stark and Axel Roitzsch said, “ExoMatter addresses one of the greatest challenges of our time: the search for new, more sustainable materials. With its AI-powered platform the company offers a solution that allows materials to be found for specific applications in record time while minimizing the ecological footprint, This technology not only enhances companies’ innovation capabilities but also prepares them for upcoming regulatory requirements, such as the EU Ecodesign Directive.”

Developing new materials can take six years or more and usually involves slow trial-and-error methods. New regulations will make this process even tougher, as materials must meet strict sustainability standards. Materials currently contribute to over half of global greenhouse gas emissions, and the lack of critical resources like rare earth elements presents major challenges for energy transition.

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ExoMatter was co-founded by Dr. Josua Vieten (CEO) and Barbara Bachus (COO). Dr. Vieten, a chemist and materials scientist, came up with the idea during his PhD research at Berkeley Lab. Barbara Bachus has strong experience in sales and business management, with degrees from the Technical University of Munich.

The company has shown early success and is already working with major clients like Airbus and Infineon, generating significant revenue and growing rapidly. As a first mover in Europe, ExoMatter is on track to become a leading digital materials platform.

Barbara Bachus, ExoMatter’s co-founder, expressed her excitement about the successful funding round, which will allow the company to continue its growth trajectory: We are thrilled to have successfully closed this funding round in close collaboration with our lead investor Vanagon. With the support of our investors, we will further automate and scale the ExoMatter platform, and we are already in talks for a follow-on funding round next year.”

About ExoMatter

The ExoMatter platform generates a personalized list of the best materials for specific applications, using data from many scientific sources and AI to enhance the information. It considers a variety of physical, chemical, engineering, and sustainability criteria, along with expected costs.