Nextmol Secures Funding Round
Nextmol, a Barcelona, Spain-based company spin-off from the Barcelona Supercomputing Center, has closed its first funding round.
The round was led by ACT Venture Partners, with participation from Axon Partners Group, Abac Nest Venture Capital, and GROW Venture Partners.
ACT Venture Partners is a venture capital fund that invests in early-stage deep-tech companies. Their portfolio includes startups leveraging emerging digital technologies such as AI/ML, advanced data analytics, and cybersecurity. With offices in London, Amsterdam, and Istanbul, ACT Venture Partners backs deep-tech startups across Europe.
The company will use the funds to fuel product development and growth.
Nextmol is a cloud-based molecular modeling and artificial intelligence for computational chemistry. Nextmol focused on providing computational chemistry solutions to accelerate the research and development (R&D) of sustainable specialty chemicals. Their Software-as-a-Service computational lab, powered by AI and molecular modeling, significantly reduces both time and cost associated with R&D processes.
Funding Details
Company: Bytelab Solutions SL.
Raised: Undisclosed
Round: Unknown
Funding Month: May 2024
Lead Investors: ACT Venture Partners
Additional Investors: Axon Partners Group, Abac Nest Venture Capital, GROW Venture Partners
Company Website: https://www.nextmol.com/
Software Category: Computational Chemistry Solutions