About Novomer
Novomer is a company based in Rochester (United States) founded in 2004 by Geoffrey William Coates was acquired by Danimer Scientific in July 2021.. Novomer has raised $45.6 million across 13 funding rounds from investors including dsm-firmenich, Flagship Pioneering and DOE. The company has 49 employees as of December 31, 2019. Novomer operates in a competitive market with competitors including Newlight Technologies, Tidal Vision, Calyxia, UBQ Materials and Lactips, among others.
- Headquarter Rochester, United States
- Employees 49 as on 31 Dec, 2019
- Founders Geoffrey William Coates
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Novomer Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.6 M (USD)
in 13 rounds
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Latest Funding Round
$15 M (USD), Series C
Dec 10, 2013
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Investors
dsm-firmenich
& 9 more
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Employee Count
49
as on Dec 31, 2019
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Acquired by
Danimer Scientific
(Jul 28, 2021)
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Funding Insights of Novomer
Novomer has successfully raised a total of $45.6M across 13 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in December 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series C — $15.0M
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First Round
First Round
(01 Sep 2006)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series C - Novomer | Valuation | Aramco Ventures | |
| Oct, 2011 | Amount | Series C - Novomer | Valuation |
investors |
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| Jul, 2010 | Amount | Grant - Novomer | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Novomer
Novomer has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include dsm-firmenich, Flagship Pioneering and DOE. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Early-stage startups are targeted for investment by Aramco Ventures.
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Founded Year | Domain | Location | |
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KensaGroup is engaged in commercializing academic intellectual property.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Novomer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Novomer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novomer Comparisons
Competitors of Novomer
Novomer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Newlight Technologies, Tidal Vision, Calyxia, UBQ Materials and Lactips, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Composite materials are produced from unrecyclable municipal solid waste.
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novomer
Frequently Asked Questions about Novomer
When was Novomer founded?
Novomer was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Novomer located?
Novomer is headquartered in Rochester, United States.
Is Novomer a funded company?
Novomer is a funded company, having raised a total of $45.6M across 13 funding rounds to date. The company's 1st funding round was a Grant of $18.4M, raised on Sep 01, 2006.
How many employees does Novomer have?
As of Dec 31, 2019, the latest employee count at Novomer is 49.
What does Novomer do?
Novomer was founded in 2004 and is based in Rochester, United States. Operations focus on the green chemicals sector, where proprietary catalyst technology is employed to convert pollutants such as CO2 and CO into sustainable polymers and chemicals. Products include polyols, surfactants, ceramic binders, and thermoplastics, supporting environmentally responsible manufacturing processes.
Who are the top competitors of Novomer?
Novomer's top competitors include Origin Materials, Newlight Technologies and Tidal Vision.
Who are Novomer's investors?
Novomer has 10 investors. Key investors include dsm-firmenich, Flagship Pioneering, DOE, Danimer Scientific, and Physic Ventures.
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