Funding round
FabricNano Series A
FabricNano, which works in enzyme-based biocatalyst development in London, raised $13M in a Series A round announced on 30 Jun 2021, led by Atomico. 4 firms took part. It is FabricNano's second venture round on record; the one before was a Seed in Dec 2019.
$13M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
FabricNano did not disclose a valuation in this round. It came 18 months after FabricNano's Seed. It is 79% of the $16M FabricNano has raised in the venture rounds on record. No later venture round is on record for FabricNano.
FabricNano's funding rounds
FabricNano has 2 venture rounds on record. This one is highlighted.
- Seed 1 Dec 2019 $3.3M
- Series A this round 30 Jun 2021, led by Atomico $13M
Investors
Who put money in
Atomico led the round with 3 other firms.
Lead investor
- Atomico backs 123 venture-backed companies new investor
Also in the round
- Backed new investor
- Hoxton Ventures backs 50 venture-backed companies new investor
- backs 92 venture-backed companies new investor
Joined the board: Siraj Khaliq (Atomico).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
42 Series A rounds in Chemicals within a year either side disclosed an amount; the median was $11M, and this round was close to the median. The closest in time, other companies' Series A rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 22 Jun 2021 | $22M | not disclosed | Breakthrough Energy |
| Chemicals | 1 Jun 2021 | $4.9M | not disclosed | not named |
| Chemicals | 9 Jun 2021 | $4.5M | not disclosed | not named |
| Twelve Chemicals | 8 Jul 2021 | $57M | not disclosed | Capricorn Technology Impact Fund and Carbon Direct Capital |
| EnergyX Chemicals | 3 May 2021 | $20M | not disclosed | not named |
| Chemicals | 1 Jul 2021 | $15M | not disclosed | Telos Impact |
| Chemicals | 7 Jul 2021 | $14M | not disclosed | yabeo |
| Chemicals | 1 May 2021 | $11M | not disclosed | Ibex Investors |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did FabricNano raise in its Series A round?
FabricNano raised $13M in its Series A round, announced in Jun 2021.
Who led FabricNano's Series A round?
Atomico led it, with Backed, Hoxton Ventures and Entrepreneurs First.
What was FabricNano's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Chemicals?
42 Series A rounds in Chemicals within a year either side disclosed an amount; the median was $11M, and this round was close to the median.