Quantistry Secures €3M Funding
The start-up will use the funding to further advance research and development with quantum and AI in the fields of chemistry and materials
Quantistry, an innovator in the field of chemical simulations, has announced the successful closure of a €3 million funding round. This significant milestone, led by Ananda Impact Ventures, galvanizes Quantistry's mission to revolutionize the research and development (R&D) landscape through its advanced cloud-native simulation platform powered by Quantum and AI. With contributions from notable co-investors, Chemovator, the business incubator of BASF, IBB Ventures, and a Family Office, this funding will accelerate Quantistry's efforts to transform chemical R&D and discovery of new materials, promoting sustainable futures across several fast-growing industries.
Innovating R&D Through Quantum and AI
At the heart of Quantistry's groundbreaking approach is its holistic computational platform which integrates quantum technologies, physics-based simulations, and machine learning. This platform addresses the key challenges facing industrial R&D, including high costs, fragmented expertise, and slow innovation. By leveraging quantum-based simulations, multiscale modeling, and AI-driven insights, Quantistry’s powerful cloud-native tool enhances the optimization, discovery, and design of innovative materials, offering unprecedented benefits to industries seeking sustainable solutions.
A Vision for the Future
Quantistry's all-encompassing approach comes at a critical time when industries are under increasing pressure to find greener alternatives. The company's technology is poised to make a significant impact by enabling the rapid testing and development of new materials that are essential for a range of applications, from next-gen batteries and polymers to alloys and carbon capture. By focusing on sustainability and efficiency, Quantistry empowers leaders across strategic industrial sectors worldwide to meet today's challenges through Quantum and AI-based solutions.
Marcel Quennet, CEO of Quantistry, says: “With the backing of Ananda, Chemovator (BASF), and IBB Ventures we've found the perfect partners to realize our vision. It's clear: simulations not only transform the industrial R&D landscape but also steer it towards a greener future—yet, they remain out of reach for many. Together, we're democratizing this technology, shaping the future of chemical R&D and materials science from Quantum to AI.”
Alina Bassi, Investment Manager at Ananda Impact Ventures, adds: “We believe that Quantistry has a key role to play in the future of new sustainable materials, using quantum chemistry, chemical simulations and AI. Ananda brings our knowledge and networks from the chemical industry and that of scaling software, to support Quantistry in their growth towards an ever-growing impactful organization.”
About Quantistry:
Quantistry (www.quantistry.com) stands at the forefront of the SaaS chemical space, offering the world's most intuitive cloud-native chemical simulation platform, tailored for the design and discovery of new sustainable materials. Leading Quantistry is a diverse team of experts: Marcel Quennet, a quantum chemist, cloud computing specialist, and entrepreneur; Arturo Robertazzi, a computational chemist and science communicator with a robust sales and marketing background; and Stefan Kupferberg, a finance expert and serial entrepreneur. Together, they drive Quantistry's mission to shape the future of chemical R&D and material discovery by leveraging quantum technology, multiscale modeling, and AI.
About Ananda Impact Ventures:
Ananda Impact Ventures (www.ananda.vc) was founded in 2010 by Johannes Weber and Florian Erber and is one of the oldest and most established European impact funds focusing on today’s most urgent environmental and social challenges. Ananda’s team of twenty manage a portfolio of 36 companies spread across DACH, the UK, Benelux and the Nordics, raising €200M in capital to date to address the United Nations’ Sustainable Development Goals and 7 of the 9 Planetary Boundaries.
About Chemovator:
Chemovator (www.chemovator.com) is the business incubator of BASF. Complementary to the existing innovation landscape of BASF, Chemovator offers a protected space to test new business ideas, products or innovative services and turn them into investable and scalable business models. The wholly-owned group company within BASF SE was founded in 2018 and is located in Mannheim. Here, Chemovator offers an unconventional startup environment with plenty of space for creativity. From early validation to successful commercialization, all Venture Teams receive support from experienced entrepreneurs and investors, who have built startups and new businesses from scratch. Their support ranks from coaching over mentoring to providing extended network opportunities.
About IBB Ventures
IBB Ventures (www.ibbventures.de) has been providing venture capital to innovative Berlin-based companies since 1997 and has established itself as the market leader in early-stage financing. The funds are primarily used for development and market launch of innovative products or services as well as for business concepts from creative industries. In addition to the two VC funds for technology and creative companies with a volume of EUR 90 million, an impact VC fund with a volume of EUR 30 million has been in the investment phase since 2022. All VC funds are financed by the Investitionsbank Berlin (IBB) and the European Regional Development Fund (ERDF), managed by the State of Berlin. IBB Ventures has already invested in more than 260 creative and technology companies in Berlin; in syndicates with partners, the start-ups received approx. EUR 1.8 billion, of which IBB Ventures has invested EUR 275 million as lead, co-lead or co-investor.
Contact:
Quantistry GmbH
press(at)quantistry.com
Press release Quantistry 12. March 2024.