ZAKA VC, Vanagon VC, BayernKapital, 212 NexT, Bloomhaus Ventures, and four female super angels from encourageventures have all participated in a €1.7 million pre-seed funding round for ExoMatter. The startup helps companies cut 90% of material development costs, ZAKA VC shared the news with AIN.
About ExoMatter
- ExoMatter is a Munich-based company founded by Josua Vieten and Barbara Bachus. It develops the Materials R&D platform that uses AI and quantum chemical modeling to discover optimal materials for various applications.
- The platform provides access to physical, chemical, engineering properties, sustainability metrics, and cost indicators. This software, according to the press release, helps companies cut 90% of material development costs and reduce CO2 emissions by 80%.
Investment details
- The funding was led by the Munich-based venture capital firm Vanagon VC.
- The round also saw participation from German VC Bayern Kapital, 212 NexT, Zug-based Bloomhaus Ventures, four female super angels from encourageventures, as well as Prague-based ZAKA VC,
“We are proud to be backing the Exomatter team and expanding our deep tech portfolio. Founders Barbara and Josua have proven the value of their platform even in the earliest stages – with customers as Airbus or Infineon,” Andrej Petrus, Partner & Head of Investment Commitee at ZAKA VC
The funding will be used to scale ExoMatter’s platform, enhance innovation, expand its customer base, and prepare companies for future regulatory requirements, such as the EU Ecodesign Directive.
