Funding

[Funding alert] Berlin-based Morressier Secures $16.5 Million in Series B Round Funding

Jan 23, 2024 | By Startup Rise EU

Berlin-based Morressier secures $16.5 million in series B round funding. This round was led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures.

Berlin-based Morressier secures $16.5 million in series B round funding. This round was led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures.

This growth investment follows the company’s Series A round communicated in May 2021, and will be topped up with further funding for acquisition opportunities.

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The company will use its Series B growth capital for continued product innovation, scaling its go-to-market activities, including the institutional and corporate market, and to expand partnerships with leading research integrity vendors.

Sami Benchekroun, Morressier co-founder and CEO: “Attracting such strong support from investors in this climate is the ultimate validation that Morressier is doing critical work. Science is experiencing an integrity crisis and this investment will help us to double down on our efforts to support academic societies, institutions and publishers in this fight.”

Christoph Hornung, partner at Molten Ventures said, "There is a massive need for a new infrastructure in the science world, and we are convinced that Morressier with its highly experienced team will be shaping the new structure of this industry in the following years."C

The company already offers scientific researchers a suite of pre-submission checks to ensure submission completeness, quality, and help comply with industry standards.

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Othman Altalib, Morressier Chief Growth Officer: “Deepening our partnerships across the scholarly publishing industry is core to Morressier’s growth: it ensures that we remain aligned with and supportive of stakeholder needs. This latest investment is going to be of huge benefit to our customers and the broader scholarly publishing community, as we up the ante in the research integrity arms race on their behalf.”

Miriam Maus, Chief Publishing Officer at IOP Publishing: “We see our partnership with Morressier as a real opportunity to reimagine the publishing experience for our authors and reviewers. By building a new submission and peer review system around the needs of the research community, we can optimise our workflows in ways that will make a real difference. As we work to enhance the publishing process, the validity of the science we publish is always front of mind and so we welcome the news of this latest investment in Morressier. It will strengthen their game in rising to the evolving challenges of research integrity.”

About Morressier

Morressier provides societies and publishers with workflows for transforming scholarly communications. Driven by the belief that technology can help create a world in which all scientific outputs are traceable and trustworthy, it is headquartered in Berlin and has offices in London and Washington DC.

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