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NuChem Sciences (Formerly NuChem Therapeutics)

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Drug discovery in chemistry contract research organization (CRO) located in Montréal

Montreal, CanadaFounded 2011Biotech & Life Sciences
Valuation $100–250M Last recorded · 2021
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for NuChem Sciences (Formerly NuChem Therapeutics) and the history behind them.

About NuChem Sciences (Formerly NuChem Therapeutics)

NuChem Sciences operates as a contract research organization (CRO) specializing in drug discovery and chemical development, primarily serving the biotech and pharmaceutical industries. The company was established in 2011 by a group of pharmaceutical industry veterans, including former scientists from Merck Frosst, who aimed to create a different type of CRO. Initially serving as an internal provider for its then-owner AmorChem, NuChem began seeking external clients in 2015, collaborating with major players like Vertex Pharmaceuticals and Roche.

The business generates revenue by providing integrated and standalone discovery solutions on a contract basis. Its services span medicinal, synthetic, scale-up, and process chemistry, as well as DMPK (drug metabolism and pharmacokinetics), in-vitro biology, in-vivo pharmacology, and computational chemistry. NuChem also offers expertise in protein chemistry and structural biology, crucial for the initial stages of drug discovery. The company's client base includes biotech firms, pharmaceutical companies, and academic research laboratories across North America and globally.

A significant milestone in the company's history was the rebranding from NuChem Therapeutics to NuChem Sciences in April 2021 to reflect the full scope of its expanded services. This expansion was fueled by key acquisitions, including Amplia Pharmatek, which added expertise in biology and pharmacology, and OmegaChem in 2021. The merger with OmegaChem, supported by a $37.6 million investment from entities including Fonds de solidarité FTQ and Investissement Québec, positioned the combined entity as Canada's largest CRO in drug discovery chemistry. Further growth led to the opening of new, modern laboratories in Montreal in 2022. In August 2023, NuChem Sciences was acquired by the UK-based Sygnature Discovery, a move intended to expand its global footprint and enhance its service offerings in the North American market. Following the acquisition, Marc LeBel, who had been President and CEO, concluded his tenure in August 2024 after leading the company through its significant growth and acquisition.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2011
Headquarters
Montreal, Canada
Employees
192
Open positions
None listed
Dealroom signal
29.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b
Investment activity
2 companies, latest Nov 2022
Capital deployed
—
Preferred round
ACQUISITION

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Aug 2023 $0 — Sygnature Discovery ↗
EARLY VC✓Equity / VC Aug 2021 $38M $150M Business Development Bank of Canada · Invest Quebec · Fonds de solidarité FTQ ↗
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Growth signals

NuChem Sciences (Formerly NuChem Therapeutics) website traffic

Latest recorded traffic for NuChem Sciences (Formerly NuChem Therapeutics) is 650 monthly website visits, down 32.3% over the last three months. NuChem Sciences (Formerly NuChem Therapeutics)'s team grew 0% over the past year.

Latest monthly visits650 3-month web change-32.3% 1-year team growth0%
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Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Other known investors1 additional known investor

  • Sygnature Discovery
Team profiled 3 named & role-tagged
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Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇦 Canada · Montreal HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about NuChem Sciences (Formerly NuChem Therapeutics) on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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