Level Nine Raises €4 Million in Seed Funding
Level Nine, a Berlin-based deeptech startup, has successfully raised €4 million in a seed funding round led by Visionaries Tomorrow. The company, founded by Emily Sheridan and Seadna Quigley, is at the forefront of developing next-generation catalysts designed to enhance sustainable chemical production.
Focus on Sustainable Chemical Production
Level Nine specializes in creating synthetic catalysts, also known as nanozymes, which are engineered from first principles. The company combines bio-nanotechnology, quantum chemistry, and computational science to develop these catalysts. Their technology aims to convert biomass and waste streams into renewable chemical building blocks, thus reducing dependence on fossil-based inputs.
The precision of biological systems is integrated with the durability needed for industrial-scale applications, allowing these catalysts to improve efficiency and lower costs. Additionally, they operate under milder conditions, making them suitable for processing complex, bio-based feedstocks.
Leadership and Vision
The company is led by co-founders Emily Sheridan, who serves as the CTO, and Seadna Quigley, the CEO. Quigley stated, "Our focus is on addressing the structural challenges faced by the chemical industry, particularly in adapting to alternative inputs."
Strategic Use of Funds
The €4 million seed funding will be used to enhance Level Nine's capabilities in developing catalysts that can process locally available, lower-cost feedstocks. This initiative supports more resilient and sustainable production across various industries, including materials, fuels, and consumer goods.
Future Outlook
With the backing of Visionaries Tomorrow, Level Nine is well-positioned to advance its mission of transforming the chemical industry. By leveraging its innovative nanozyme technology, the company aims to make significant strides in promoting sustainable and efficient chemical production processes.