Top Fast-Growing Chemical Startups to Watch [2023]

Have you ever wondered who is on the list of Chemical Companies with the highest growth rates?

You’re not alone.

There are hundreds of Chemical Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 08 fast-growing Chemical Startups that have top-tier venture capital funding.

What are Chemical Startups?

Chemical startups are companies that are dedicated to the development and sale of chemicals, materials, and products. They may focus on specific areas such as biotechnology, pharmaceuticals, specialty chemicals, and materials science. 

These startups often develop and sell products and materials to larger companies, universities, and research institutions. They may also offer services such as product development, technical consulting, and testing.

Top 08 Fastest-Growing Startups In Chemical

1) Ginkgo Bioworks

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

Details of the startup:

• Country: United States
• City: Boston
• Started in: 2008
• Founders: Austin Che, Barry Canton, Jason Kelly, Reshma Shetty, Tom Knight
• Number of employees: 501-1000
• Funding amount: $798,728,100
• Number of funding rounds: 9
• Number of investors: 33

You can find their website here.

2) 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
• City: Medford
• Started in: 2008
• Founders: Andrey Zarur, James Swartz, Marta Ortega-Valle
• Number of employees: 101-250
• Funding amount: $215,000,000
• Number of funding rounds: 8
• Number of investors: 21

You can find their website here.

3) 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
• City: Lincoln
• Started in: 2012
• Founders: Pete Johnson, Robert Hanson
• Number of employees: 51-100
• Funding amount: $64,297,594
• Number of funding rounds: 8
• Number of investors: 3

You can find their website here.

4) 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
• City: Santa Monica
• Started in: 2013
• Founders: Frances Arnold, Pedro Coelho, Peter Meinhold
• Number of employees: 11-50
• Funding amount: $169,971,104
• Number of funding rounds: 6
• Number of investors: 10

You can find their website here.

5) Anticimex AB

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

Details of the startup:

• Country: Sweden
• City: Stockholm
• Started in: 1934
• Number of employees: 1001-5000
• Funding amount: $440,000,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

6) LG Group

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

Details of the startup:

• Country: South Korea
• City: Seoul
• Started in: 1947
• Number of employees: 10001+
• Funding amount: $1,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

7) 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
• City: Oslo
• Started in: 2015
• Founders: Anita Schjoll Brede, Jacobo Elosua, Maria Ritola, Victor Botev
• Number of employees: 11-50
• Funding amount: $4,835,690
• Number of funding rounds: 8
• Number of investors: 6

You can find their website here.

8) Safex Chemicals

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

Details of the startup:

• Country: India
• City: Delhi
• Started in: 1991
• Founders: SK Chaudhary
• Number of employees: 11-50
• Funding amount: $58,830,787
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

FAQs

Is Chemical Business Profitable?

The potential for profit in the chemical business depends on a variety of factors, such as the type of products being sold, the demand for those products, the cost of raw materials and production, and the pricing of the finished products. 

In general, businesses that can produce chemicals at a low cost and sell them at a competitive price are likely to be more profitable than businesses that do not have these advantages.

What Is The Average Investment In Chemical?

The average investment in chemicals varies greatly depending on the type of chemicals and the scale of the project. Generally speaking, investments in chemicals can range from a few hundred dollars to millions of dollars.