Checkerspot closes on US$5 million series seed funding
In the United States (US), Checkerspot Inc., a Berkley, California materials innovation company, has announced that it has closed its Series Seed financing for over US$5 million. The round was led by early-stage venture capital firm KdT Ventures and included Viking Global Investors, Refactor Capital, Sahsen Ventures and Godfrey Capital.
KdT Ventures is an early-stage venture capital firm focused on the enablement that data and frontier computational technologies have brought to the physical and life sciences. To this end, KdT invests in transformative technologies and platforms across the verticals of medicine, chemicals, and agriculture, utilizing an extensive network of fellow entrepreneurs, advisors, and funders to support its portfolio companies.
We are so excited to support Checkerspot as they build capabilities that will allow for new green chemistries and fabrication to open doors to products and materials capabilities not yet imagined or even thought possible. The experience of the founding team and their integrated approach to partnerships and products across their disciplines is unique and a driving force at the company. Checkerspot’s eventual expansion into a myriad of verticals will reveal the true power of the platform as their customers and the company itself forge new ground, said Cain McClary of KdT Ventures.
According to a statement, Checkerspot’s innovation platform integrates biology, chemistry, and fabrication. The company’s initial materials focus has been on materials derived from novel triglycerides (oils) from microalgae.
We see triglycerides as molecular scaffolds. Our technology platform leverages an understanding of biology, chemistry, materials science and fabrication, and through it, we believe we can imbue these molecules with properties that dramatically enhance the performance of Checkerspot’s materials. As we grow, we’ll continue to innovate around this platform, further developing its precision to allow us to penetrate into more and more applications areas, said Scott Franklin, Chief Science Officer and co-founder of Checkerspot.
Checkerspot says that its technology unlocks the potential in the convergence of biology, chemistry, and materials science with breakthroughs in data science.
At Checkerspot we’ve sought out partners, including investors, that think differently, share our passion for innovation and share our mission to create new-to-the-world high-performance materials and unique products that also take the environment into account. Existing, converging technologies are unlocking a whole new world of development, allowing us to design with intention and enable better ways of doing things, said Charles Dimmler, CEO and co-founder of Checkerspot.
Japan-headed DIC Corporation, a multinational fine chemicals, and materials development company also invested as part of its recently announced Joint Development Agreement (JDA) with Checkerspot.