About X-Chem
X-Chem is a company based in Waltham (United States) founded in 2009 was acquired by Enko Chem in June 2022.. X-Chem has raised $8.5 million across 1 funding round from investors including PPD, Enko Chem and GHO Capital. The company has 51 employees as of December 31, 2022. X-Chem has completed 4 acquisitions, including Avisyn, ComInnex and Glamorous AI. X-Chem offers products and services including DEL Screening, ReadiDEL, ReadiBLOX, and ArtemisAI. X-Chem operates in a competitive market with competitors including STRmix, The Total Body Approach and DeepCodex, among others.
- Headquarter Waltham, United States
- Employees 51 as on 31 Dec, 2022
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name X-Chem Inc
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Products & Services of X-Chem
X-Chem offers a comprehensive portfolio of products and services, including DEL Screening, ReadiDEL, ReadiBLOX, and ArtemisAI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for screening DNA-encoded libraries to identify drug candidates.
Pre-built DNA-encoded library for rapid drug discovery research.
Modular building blocks for custom medicinal chemistry applications.
AI tool for analyzing molecular interactions in drug development.
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Funding Insights of X-Chem
X-Chem has successfully raised a total of $8.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.5 million completed in December 2012. 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 1
- Last Round Series A — $8.5M
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First Round
First Round
(21 Dec 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2012 | Amount | Series A - X-Chem | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in X-Chem
X-Chem has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include PPD, Enko Chem and GHO Capital. 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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Specialist healthcare investment advisory services are provided by GHO Capital.
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CRO providing diversified clinical development services
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Develops and supplies agriculture crop inputs
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by X-Chem
X-Chem has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Avisyn, ComInnex and Glamorous AI. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Preclinical studies for biopharma drug discovery are conducted.
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Scientific sourcing services are offered by Avisyn as a CRO.
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CRO offers synthetic, computational, analytical and in vitro and in vivo drug discovery services
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Financial Statements - X-Chem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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X-Chem Comparisons
Competitors of X-Chem
X-Chem 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 STRmix, The Total Body Approach and DeepCodex, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Develops software for forensic DNA profile analysis, interpretation, and evidence processing.
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Music producer creating remixes, new releases, and podcasts for fan engagement.
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Web app for searching gene expression data and genetic manipulations.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on X-Chem
Frequently Asked Questions about X-Chem
When was X-Chem founded?
X-Chem was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is X-Chem located?
X-Chem is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Is X-Chem a funded company?
X-Chem is a funded company, having raised a total of $8.5M across 1 funding round to date. The company's 1st funding round was a Series A of $8.5M, raised on Dec 21, 2012.
How many employees does X-Chem have?
As of Dec 31, 2022, the latest employee count at X-Chem is 51.
What does X-Chem do?
X-Chem was founded in 2009 and is based in Waltham, United States. Operations center on a biotechnology platform for small molecule drug discovery, known as DNA-Encoded X-Chem (DEX). Libraries of small molecules tethered to DNA tags, which track synthetic history, are generated through combinatorial synthesis. These mixtures are screened via affinity binding to targets, with bound compounds detected by DNA sequencing for therapeutic development.
Who are the top competitors of X-Chem?
X-Chem's top competitors include STRmix, The Total Body Approach and DeepCodex.
What products or services does X-Chem offer?
X-Chem offers DEL Screening, ReadiDEL, ReadiBLOX, and ArtemisAI.
How many acquisitions has X-Chem made?
X-Chem has made 4 acquisitions, including Avisyn, ComInnex, and Glamorous AI.
Who are X-Chem's investors?
X-Chem has 3 investors. Key investors include PPD, Enko Chem, and GHO Capital.
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