Albert Invent raises US$7.5 million seed fund

Albert Invent raises US$7.5 million seed fund

Company disrupts $4.7 trillion chemicals and materials science industry with state-of-the-art R&D platform

  • By ICN Bureau | June 14, 2023

Albert Invent, the company empowering global organizations to accelerate innovation with its state-of-the-art R&D platform, today announced $7.5 million in seed funding. Index Ventures led the investment in Albert Invent, whose platform is already helping thousands of scientists worldwide dramatically expedite time to market. Homebrew, F-Prime Capital and prominent angel investors also participated in the round.

With the additional financial resources, the company will onboard even more chemistry and materials science companies, helping one of the largest industries in the world develop the products that touch consumers’ everyday lives. Albert is already utilized by some of the largest and prominent companies, along with emerging startups, around the world, including Henkel, the world's leading producer of adhesives, sealants and functional coatings; 3D Systems, one of the largest 3D printing technology companies; and Applied Molecules, fast growing manufacturer of formulated coatings and adhesives.

With Albert’s capabilities, R&D teams are able to capitalize on data insights that support all stages of the innovation process, resulting in smarter experimentation and accelerated time to market. Plus, Albert’s API-forward platform enables sharing data with key systems within and beyond R&D and provides the opportunity for internal teams or external partners to build custom apps, driving data-driven insights and collaboration.

“Albert exemplifies the type of software company we seek to back," said Paris Heymann, Partner at Index Ventures. "The platform was developed by a team with deep industry expertise, built specifically for customers who are digitally transforming their R&D efforts and developing the lab of the future. We are thrilled to partner on this journey to fundamentally change how physical products are created."

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