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- NextChem
NextChem Revenue, Valuation, Funding & Investors
NextChem is valued at $1.4B as of November 2024, a 2.5x multiple on its last reported $569M revenue.
Last NextChem valuation
$1.4B
Secondary · Nov 2024
NextChem revenue
$569M
Secondary · Nov 2024
Key investors in NextChem
Yousef Al Nowais
About NextChem
NextChem is a Milan-headquartered engineering subsidiary of Maire Tecnimont focused on green chemistry and sustainable processes. The division designs plants for hydrogen production, methanol synthesis from CO2, and waste-to-chemicals conversion. Active in energy transition projects across Europe and the Middle East, NextChem deploys technologies for decarbonization and circular economy initiatives.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Revenue
$569M (Nov 2024)
Valuation
$1.4B (Nov 2024)
NextChem Valuation
NextChem is currently valued at $1.4B, based on its secondary sale in November 2024.
The $66M round was led by Yousef Al Nowais.
NextChem valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2024 | Secondary | $1.4B | 2.5x |
NextChem Revenue
NextChem's latest recorded revenue is $569M, as of its secondary sale in November 2024. At a $1.4B valuation, that implies a 2.5x revenue multiple.
NextChem revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2024 | $569M | $1.4B | 2.5x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
NextChem Funding History
NextChem has 1 recorded secondary share sale and no primary funding rounds.
NextChem funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2024 | Secondary | Yousef Al Nowais (lead) | $66M | $1.4B | NextChem is the sustainable technology solutions subsidiary of Italian engineering group Maire Tecnimont, providing technology solutions for companies engaged in energy transition and decarbonization. On November 14, 2024, Abu Dhabi-based entrepreneur Yousef Al Nowais acquired a 5% stake in NextChem for €62.5 million (approximately $66 million). This transaction valued NextChem at an equity value of €1.25 billion, with an enterprise value of approximately €1.3 billion. Al Nowais purchased the stake from Maire Investments (MI), reducing MI's holding to 12.9% while Maire retained an 82.1% stake in its subsidiary. Al Nowais, who holds a 4.73% stake in Maire's parent company and serves as CEO of Arab Development Establishment (ARDECO), a UAE-based group specializing in gas and petrochemicals, brings over 20 years of commercial relations with the Maire Group and strategic experience in the Gulf Cooperation Council region. The investment is intended to support NextChem's expansion in the Middle East, a region critical to the global energy transition where Maire has secured major contracts, including an $8.7 billion order from the Abu Dhabi National Oil Company announced in October 2023 for the Hail and Ghasha Gas Project. |
Who has invested in NextChem?
1 investor has backed NextChem across its funding rounds, including Yousef Al Nowais.
Lead investors include Yousef Al Nowais.
NextChem Investors
| Investor | Rounds | Role | First check |
|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 NextChem investors. Start Free Trial | |||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by NextChem
NextChem has acquired 1 company to date.
Last acquisition by NextChem was on March 4th 2024. NextChem acquired GasConTec for $32M.
Latest Acquisitions by NextChem
| Description | GasConTec is a Dutch firm specializing in engineering for gas-to-liquids conversion projects producing hydrogen, ammonia, methanol, and dimethyl ether. Based in Eindhoven, the company delivers feasibility studies, process design, licensing of proprietary technologies, and permitting support for plants in Europe and the Middle East. Founded in 2008, GasConTec collaborates with clients on small-scale syngas modules and large-scale methanol facilities using renewable feedstocks. |
| HQ Country | |
| HQ City | Bad Homburg |
| Deal Date | 4 Mar 2024 |
| Valuation | $32M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all NextChem acquisitions and their M&A valuation multiples. Start Free Trial | |
NextChem Competitors
NextChem competitors include listed companies like Hydrograph Clean Power and Borregaard, and private ones like Solugen, EnergyX, 1Komma5° and Nexii.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $12M | - | $2B | - | ||
| Private | - | - | $475M | - | ||
| Private | $598M | - | $1.4B | - | ||
| Publicly listed | $43K | ($8M) | $1.4B | - | ||
| Publicly listed | $807M | $169M | $1.6B | 2.2x | ||
| Private | - | - | $1.6B | - |
NextChem Public Comps
NextChem is still privately-owned, but its public comps include Stepan, Longshine Technology, CropEnergies, CVR Partners, Anupam Rasayan India, CAC Nantong Chemical Co, Elkem, Hydrograph Clean Power, Lanxess and Boubyan Petrochemical.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $208M | 0.9x | 0.8x | 9.7x | 9.0x | |||
| $674M | $24M | 2.0x | 1.8x | 55.0x | 32.5x | |||
| $5M | ($41M) | 270.8x | 1.1x | (35.0x) | 12.2x | |||
| $606M | $211M | 3.1x | 3.1x | 8.9x | - | |||
| $242M | $55M | 7.0x | 6.9x | 31.1x | 28.8x | |||
| $801M | $154M | 2.1x | 2.1x | 11.0x | - | |||
| $1.8B | $216M | 1.2x | 1.0x | 9.6x | 8.7x | |||
| $43K | ($8M) | 30584.1x | - | (167.9x) | - | |||
This data is available for Pro users. Sign up to see all NextChem competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NextChem
| When was NextChem founded? | NextChem was founded in 2018. |
| Where is NextChem headquartered? | NextChem is headquartered in Venice, Italy. |
| Is NextChem publicly listed? | No, NextChem is a private, VC-backed company. |
| What is NextChem's valuation? | NextChem was last valued at $1.4B in its secondary sale in November 2024. |
| Who are NextChem's investors? | NextChem's investors include Yousef Al Nowais. |
| What is NextChem's revenue? | NextChem's latest recorded revenue is $569M (November 2024). |
| What is NextChem's revenue multiple? | NextChem's latest valuation implies a 2.5x revenue multiple ($1.4B valuation on $569M of revenue). |
| Which companies are comparable to NextChem? | Companies comparable to NextChem include Solugen, EnergyX, 1Komma5°, Hydrograph Clean Power, Borregaard and Nexii. |
| How many companies has NextChem acquired? | NextChem has acquired 1 company, including GasConTec. |
| What was the largest acquisition by NextChem? | The $32M acquisition of GasConTec in March 2024 is the largest acquisition NextChem has made to date. |
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