Total amount raised
$50 Millions
Latest funding date
02/01/2025
Location
Albert Invent has successfully raised over $45 million in a Series A funding round, backed by prominent investors including JPMorgan Chase & Co. and TCV. The platform offers an end-to-end solution that integrates electronic lab notebooks, laboratory information management systems, and AI tools for modern materials science research and development.
Keep reading to explore the intricacies of Albert Invent's fundraising journey and the investors backing this innovative platform.
What Is Albert Invent?
Albert Invent, founded on July 1, 2022, in Oakland, California, provides a digital platform for materials science research and development. The company integrates electronic lab notebooks, laboratory information management systems, and AI tools to enhance collaboration and data management in chemical research.
The platform is designed to digitalize synthesis, formulation, and materials science, leveraging AI to accelerate innovation. Albert Invent is trusted by thousands of chemists globally and aims to unify R&D processes while ensuring regulatory compliance.
Founded by Ken Kisner, Neelesh Vaikhary, Nick Talken, and Zack Kisner, Albert Invent has grown to employ between 101-250 people, with a significant presence in the global scientific community.
How Much Funding Has Albert Invent Raised?
- Series A Round
- Amount Raised: $22.5M
- Date: December 2024
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and launch of Albert Breakthrough, an intuitive interface that allows chemists and AI to collaborate seamlessly.
- Series A Round
- Amount Raised: $20M
- Date: February 2025
- Lead Investors: JPMorgan Chase & Co.
- Valuation at Round: $270M
- Motivation Behind the Round: To continue building the team globally, hire in multiple countries, and scale to meet increasing customer demand driven by the shift toward digitalization in the chemical industry.
- Seed Round
- Amount Raised: $7.5M
- Date: June 2023
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the initial development of the platform and bring the product to market.
Total amount raised: $50M. Current valuation: $270M.
Key Investors
- JPMorgan Chase & Co.
- Details: JPMorgan Chase & Co. is a global banking and financial services holding company headquartered in New York City. It is one of the largest banks in the world and offers a wide range of financial services.
- Investment Focus Areas: Financial services, healthcare, technology.
- Notable Investments: Not publicly disclosed.
- Coatue
- Details: Coatue is a global investment firm known for its investments in technology, media, and telecommunications. The firm manages both public and private equity funds.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, DoorDash, ByteDance.
- Index Ventures
- Details: Index Ventures is a venture capital firm that invests in technology-enabled companies. The firm has offices in London, San Francisco, and Geneva.
- Investment Focus Areas: Technology, e-commerce, fintech.
- Notable Investments: Not publicly disclosed.
- TCV (Technology Crossover Ventures)
- Details: TCV is a venture capital firm that provides growth capital to technology companies. The firm is known for its focus on high-growth technology sectors.
- Investment Focus Areas: Software, internet, financial technology.
- Notable Investments: Facebook, Netflix, Spotify.
- TCV (Technology Crossover Ventures)
- Details: TCV is a venture capital firm that provides growth capital to technology companies. The firm is known for its focus on high-growth technology sectors.
- Investment Focus Areas: Software, internet, financial technology.
- Notable Investments: Facebook, Netflix, Spotify.
What's Next for Albert Invent?
Albert Invent stands at the cusp of significant growth, driven by the increasing digitalization of the chemical and material science industries. With a recent $20 million investment from JPMorgan Chase's private investment arm, the company is poised to expand its AI-driven software platform globally, particularly in key markets like Germany, Japan, India, and the US. This expansion aims to meet the growing demand from top chemical and material science companies, leveraging AI to unify R&D processes and solve the problem of siloed data.
Future fundraising opportunities appear promising, given the strong backing from prominent investors like TCV and Coatue Management. These investments not only validate Albert Invent's market potential but also pave the way for further financial support to scale operations and enhance technological capabilities. However, the company may face challenges such as managing rapid global expansion, integrating their technology seamlessly with existing systems, and staying ahead in a competitive and rapidly evolving industry.
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