Biomatter receives € 6.5 million for the development of novel enzymes via AI
Munich — Biomatter, a company in the field of synthetic biology, closes a seed financing round of 6.5 million euros.
UVC Partners and Inventure VC lead the round.
Existing investors Practica Capital and Metaplanet, as well as business angels and industry experts, are also participating.
The start-up plans to use the fresh capital to further expand the platform and create fundamentally new enzymes.
Enzymes play a key role in various industrial applications, such as in diagnostics, for example with DNA polymerases, in gene therapy, for example with CRISPR, in biofuels, for example with cellulases, or in agriculture, for example with phytases.
Every new application requires a new enzyme.
The design of new enzymes is currently still lengthy — the process can take months or years -, expensive and based on trial-and-error screening around small improvements to naturally occurring enzymes.
Biomatter’s technology makes it possible to overcome these challenges with generative AI (artificial intelligence).
“Enzymes will play a prominent role in the future of the bioeconomy — they are the critical element that will ultimately allow us to create new molecules, cells and organisms for the world. The enzymes we have successfully developed for our global partners to date demonstrate our ability to go far beyond the simple optimization of known enzymes. At Biomatter, we believe that the unlimited capacity to design fundamentally new enzymes will help shape a better future for all,” says Laurynas Karpus, co-founder and CEO of Biomatter.
Innovative technology for a sustainable future Back in 2019, the Biomatter team published a key study showing that their generative AI tool can understand the intricacies of large amounts of enzyme data and use the information to design entirely new enzymes.
This was a significant breakthrough, demonstrating for the first time the ability to create fully functional enzymes with generative AI.
The Intelligent Architecture™ platform is the result of these years of research.
Enzymes can be redesigned as if on a drawing board: First, the ideal properties of the enzyme are described, carefully considering the end application.
The enzymes are then designed from scratch or existing natural protein scaffolds are redesigned.
This enables developers of new proteins to build precisely fitting molecules from the very first atoms.
This innovation has been made possible by the development of new generative AI and physical models that are constantly improving at a rapid pace with experimental validation in laboratories to create unique enzymes. “AI-powered protein design is currently one of the most exciting and dynamic areas for venture capital. Biomatter’s innovative approach to designing fundamentally new enzymes allows them to break the boundaries of natural enzymes, leading to breakthroughs in biotechnology. We are deeply impressed by the strength of the team and are convinced that Biomatter is a pioneer in the field of AI-based protein design,” says Dr. Oliver Schoppe, Principal at UVC Partners. Application of unique enzymes in various industries Using the Intelligent Architecture™ platform, Biomatter creates customized enzymes for various industries, including chemical bioproduction, agriculture, food and medicine.
Customers include companies such as Thermo Fisher Scientific, BASF and Neogen.
Kirin, a global leader in nutrition and health, achieved a breakthrough in infant nutrition with Biomatter’s solution: The collaboration yielded amazing results in the efficient production of human milk oligosaccharides (HMOs).
The focus here was specifically on one of the most important HMOs in human milk (lacto-N-fucopentaose I; LNFP I for short).
HMOs are critical to infant health and provide numerous benefits such as supporting gut health, strengthening the immune system and protecting against infection.
The ability to produce HMOs like LNFP I on an industrial scale means that more infants worldwide can have access to these benefits. About Biomatter Biomatter is a synthetic biology company that creates new enzymes for medical and industrial applications.
Through partnerships with global companies (including Thermo Fisher Scientific, BASF, Neogen) across multiple industries, Biomatter is bringing new products and technologies to market enabled by its unique enzymes.
This funding round marks a significant milestone for Biomatter and positions the company well for the completion of its next major milestones and future growth.
More at www.biomatter.com About UVC Partners UVC Partners is a Munich and Berlin based early stage venture capital firm investing in European B2B start-ups in the fields of enterprise software, industrial technologies and mobility. The fund generally invests between €0.5 and €10 million at the outset and up to €30 million in total per company. The portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and start-up center. With over 400 employees and more than 100 industry partners, UnternehmerTUM can draw on many years of experience in building young companies. This collaboration gives UVC Partners the opportunity to provide startups with unique access to talent, industry clients and other financial partners. www.uvcpartners.com