Solvay co-invests $1.9 million in MultiMechanics to speed up innovation in new materials
Brussels, July 26, 2017--- Solvay, Anzu Partners and Invest Nebraska are together investing a total of $1.9 million in MultiMechanics, whose virtual testing software enables to accelerate innovation in new materials. Solvay Ventures has made the investment as part of Solvay Group’s Research & Innovation function.
Solvay is a world leader in metal replacement materials. This joint investment will enhance the development of Solvay’s pipeline of high performance polymer and composite materials, and expand its position in aerospace, automotive markets and other markets.
“Solvay’s decision to invest in MultiMechanics is part of our ambition to accelerate innovation in complex materials and to expand the use of composites in the automotive and aerospace industries. MultiMechanic’s accuracy, speed and its efficient integration with commonly used commercial finite element software packages, is changing the way we develop new materials and interact with our customers,” said Nicolas Cudré-Mauroux, Solvay Group General Manager Research & Innovation.
“Our customers greatly benefit from the software systems we develop,” said Leandro Castro, co-founder and Chief Executive Officer of MultiMechanics, “and I am delighted that we have broad support from these new investors to help us continue to grow our team, our product offerings, and our business.”
Based in Omaha, NE, MultiMechanics allows the modelling and failure prediction of complex materials at an unprecedented level of accuracy and speed. The breakthrough TRUE Multiscale™ technology, developed over 6 years, accurately predicts and visualizes stresses and crack propagation at multiple scales, simultaneously. The software enables innovation acceleration in a large range of industries: composites, polymers, 3D printing, automotive, aerospace, energy and even applications in biotech and pharmaceuticals.
Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries. Net sales were € 10.9 billion in 2016, with 90% from activities where Solvay ranks among the world’s top 3 leaders. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.
SOLVAY VENTURES is the Venture Capital fund of Solvay and invests in breakthrough technologies in advanced materials and formulations. Operating since 2005, Solvay ventures manage a $100m global evergreen fund with a focus on better use of resources, energy transition, health & wellbeing, and digital age; all investments feature a strong sustainability component. In addition to providing capital to start-up companies, Solvay Ventures leverages Solvay capabilities to generate business synergies between start-ups and Solvay's businesses and innovation platforms.
ANZU PARTNERS is a venture capital and private equity firm that invests in breakthrough industrial technologies. We team with entrepreneurs to develop and commercialize technological innovations by providing capital and deep expertise in business development, market positioning, global connectivity, and operations. For more information, please visit https://anzupartners.com
INVEST NEBRASKA is a public-private partnership funded by the Nebraska Department of Economic Development to grow the state’s economy by supporting high-growth, early-stage companies in Nebraska. Invest Nebraska works directly with entrepreneurs, researchers and businesses to help commercialize their technologies, launch and grow new businesses, and access needed capital. For more information, please visit http://investnebraska.com