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Top 8 Chemical Startups in 2024

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Think Chemical is boring and everything’s been done before?

Think again.

If you’re in the Chemical industry or are interested in starting a company in this space, this article dives into 8 of the hottest fast-growing Chemical startups.


8 Chemical Startups

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2,189 Accelerators & Incubators

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1) Anticimex AB

Anticimex AB

Anticimex AB is a modern pest management company that specializes in pest prevention.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 1934
  • Number of employees: 1001-5000
  • Funding: $440,000,000
  • Funding rounds: 2
  • Number of investors: 2 (EQT, GIC)

You can find their website here.

2) LG Group

LG Group

The LG Group is a multinational business that manufactures electronics, chemicals, and telecommunications equipment.

Details of the startup:

  • Country: South Korea
  • State: Seoul-t'ukpyolsi
  • City: Seoul
  • Started in: 1947
  • Number of employees: 10001+
  • Funding: $1,000,000
  • Funding rounds: 1
  • Number of investors: 1 (P. Addo-Nyarko)

You can find their website here.

3) Iris.ai

Iris.ai

Iris.ai is an artificial intelligence (AI) science assistant that assists R&D departments in navigating and finding research text information.

Details of the startup:

  • Country: Norway
  • State: Oslo
  • City: Oslo
  • Started in: 2015
  • Founders: Anita Schjoll Brede, Jacobo Elosua, Maria Ritola, Victor Botev
  • Number of employees: 11-50
  • Funding: $4,835,690
  • Funding rounds: 8
  • Number of investors: 6 (Founders Factory, EASME - EU Executive Agency for SMEs, Singularity University Ventures, The Index Project, Bakken & Baeck)

You can find their website here.

4) Safex Chemicals

Safex Chemicals

Safex Chemicals is a well-established player in the Indian agrochemicals market.

Details of the startup:

  • Country: India
  • State: Delhi
  • City: Delhi
  • Started in: 1991
  • Founders: SK Chaudhary
  • Number of employees: 11-50
  • Funding: $58,830,787
  • Funding rounds: 2
  • Number of investors: 2 (Chrys Capital, BanyanTree Finance Pvt. Ltd.)

You can find their website here.

5) Ginkgo Bioworks

Ginkgo Bioworks

Ginkgo Bioworks is a multi-market developer of biological engineering solutions and bespoke microorganisms.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2008
  • Founders: Austin Che, Barry Canton, Jason Kelly, Reshma Shetty, Tom Knight
  • Number of employees: 501-1000
  • Funding: $798,728,100
  • Funding rounds: 9
  • Number of investors: 33 (General Atlantic, Felicis Ventures, Bill Gates, MassChallenge, T. Rowe Price)

You can find their website here.

6) Greenlight Biosciences

Greenlight Biosciences

GreenLight Biosciences is a biotechnology firm specializing on RNA research, design, and production for human, animal, and plant health.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Medford
  • Started in: 2008
  • Founders: Andrey Zarur, James Swartz, Marta Ortega-Valle
  • Number of employees: 101-250
  • Funding: $215,000,000
  • Funding rounds: 8
  • Number of investors: 21 (Khosla Ventures, Alexandria Venture Investments, S2G Ventures, Cormorant Asset Management, Lupa Systems)

You can find their website here.

7) Monolith Materials

Monolith Materials

Monolith Materials is a carbon black manufacturer that converts natural gas to carbon black using a patented technique.

Details of the startup:

  • Country: United States
  • State: Nebraska
  • City: Lincoln
  • Started in: 2012
  • Founders: Pete Johnson, Robert Hanson
  • Number of employees: 51-100
  • Funding: $64,297,594
  • Funding rounds: 8
  • Number of investors: 3 (SK Group, Azimuth Capital Management, Mitsubishi Heavy Industries)

You can find their website here.

8) Provivi

Provivi

Provivi creates biopesticides for use in agriculture, commercial pest control, domestic pest control, and public health pest control.

Details of the startup:

  • Country: United States
  • State: California
  • City: Santa Monica
  • Started in: 2013
  • Founders: Frances Arnold, Pedro Coelho, Peter Meinhold
  • Number of employees: 11-50
  • Funding: $169,971,104
  • Funding rounds: 6
  • Number of investors: 10 (Temasek Holdings, Vivo Capital, BASF Venture Capital, Bill & Melinda Gates Foundation, DuPont)

You can find their website here.

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