Munich-based materials R&D platform ExoMatter, which uses AI to generate personalized material recommendations from diverse scientific and user data to enhance material selection for various applications, has raised €1.7 million in a pre-seed funding round led by Vanagon.vc.
- Founded in 2022 by Josua Vieten and Barbara Bachus, ExoMatter develops an AI-powered materials R&D platform that simplifies material selection for various applications. The startup utilizes extensive scientific data and advanced data-mining techniques to streamline the research process, effectively eliminating the labor-intensive trial-and-error methods typically associated with traditional approaches.
- Users can access a comprehensive database of millions of up-to-date materials, enhancing their datasets while applying multidimensional criteria—including physical, chemical, and sustainability attributes—within a single streamlined process.
- The company has earned the trust of major German enterprises, such as Audi, Infineon, and Airbus, by enabling them to focus their efforts on the most promising material candidates identified through ExoMatter’s advanced data-driven strategies.
Details of the deal
- The pre-seed funding was led by Vanagon.vc, a Munich-based venture capital firm that supports startups focused on technology and climate initiatives.
“This technology enhances innovation capabilities and helps companies prepare for future regulatory requirements, such as the EU Ecodesign Directive.” Co-founder of Vanagon Ventures, Susanne Fromm, stated.
- The round also included participation from German VC Bayern Kapital, 212 NexT, Zug-based VC Bloomhaus Ventures AG, Prague-based ZAKA VC, and business angels from encourageventures.
- ExoMatter plans to use the €1.7 million in pre-seed funding to scale its AI-driven materials research platform, enhance innovation, expand its customer base, and prepare companies for future regulatory requirements.
"We’re incredibly grateful for the trust and support of our investors and can’t wait to continue our journey, scaling the ExoMatter platform and driving innovation in materials science, " commented ExoMatter's Co-founders Barbara Bachus and Josua Vieten.
