When was X-Chem founded?

X-Chem was founded in 2009 and raised its 1st funding round 3 years after it was founded.

Where is X-Chem located?

X-Chem is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts.

How many employees does X-Chem have?

As of Aug 31, 2026, the latest employee count at X-Chem is 197.

Is X-Chem a funded company?

X-Chem is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Dec 21, 2012.

When was the latest funding round of X-Chem?

X-Chem's latest funding was a $***** Series A round on Dec 21, 2012, with participation from 0 investor.

Where does X-Chem rank among its competitors?

X-Chem ranks 1st amongst 3 active competitors, none of which are funded.

Who are the top competitors of X-Chem?

X-Chem's top competitors include 1859, Cephalogix and ChemStitch. Among them, 1859 secured the most recent funding round in November, 2021.

X-Chem - 2026 Company Profile, Team, Funding & Competitors

X-Chem is an acquired company based in Waltham (United States), founded in 2009 by Richard Wagner. It operates as a Provider of small molecule drug discovery platform for researchers. X-Chem has raised $8.5M in funding. The company has 3 active competitors, including 1 that has exited. Its top competitors are 1859, Cephalogix and ChemStitch.

Company Details

Provider of small molecule drug discovery platform for researchers. The company is focused on discovering small molecule drugs using its DNA-Encoded X-Chem (DEX) drug discovery platform. The platform is a product engine and is based on a library generated by the combinatorial synthesis of small molecules tethered to DNA tags that record the synthetic history of the small molecule. The library is screened as a mixture using affinity-based binding to a target of interest and then the bound molecules are detected using DNA sequencing which can have therapeutic applications.

Website: www.x-chemrx.com/
Email ID: *****@x-chemrx.com
Registered Address: Waltham, Massachusetts

Key Metrics

Founded Year

2009

Location

Waltham, United States

Stage

Acquired

Total Funding

$8.5M in 1 round

Latest Funding Round

Series A, Dec 21, 2012, $*****

Ranked

1^st among 3 active competitors

Employee Count

197 as on Aug 31, 2026

Investment & Acquisitions

Glamorous AI & 3 more

Similar Companies

1859 & 2 more

Exit Details

Acquired by Enko Chem (Jun 15, 2022)

View X-Chem's full profile

X-Chem is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
X-CHEM INC CIN: 300596178 , United States, Active	Dec 26, 999	-	54 (As on Dec 31, 2024)	-

X-Chem got acquired by Enko Chem on Jun 15, 2022.

Click here to take a look at X-Chem's acquisition in detail

X-Chem has raised a total funding of $8.5M over 1 round.

Here is the list of recent funding rounds of X-Chem:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 21, 2012	2848902	Series A	9312500	4156978	9560016	9470352

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View details of X-Chem's funding rounds and investors

The founders of X-Chem is Richard Wagner.

Here are the details of X-Chem's key team members:

Richard Wagner: Founder & CEO of X-Chem. They are also an angel investor in 3 startups.

View details of X-Chem's Founder profiles and Board Members

X-Chem's employee count trend

X-Chem has 197 employees as of Aug 26. Here is X-Chem's employee count trend over the years:

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Top competitors of X-Chem include 1859, Cephalogix and ChemStitch. Here is the list of Top 10 competitors of X-Chem, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	X-Chem 2009, Waltham (United States), Acquired	Provider of small molecule drug discovery platform for researchers	$8.5M	-	60/100
2nd	1859 2019, San Diego (United States), Deadpooled	Provider of DNA encoded libraries for drug discovery and development	$49.7M	Northpond Ventures, OMX Ventures & 3 others	35/100
3rd	Cephalogix 2020, Unfunded	Developer of cheminformatics software for drug discovery	-	-	16/100
4th	ChemStitch Unfunded	Developer of an AI-powered, browser-based chemical structure editor platform	-	-	16/100

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X-Chem has not made any investments yet. X-Chem has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 28, 2021	Acquisition	Glamorous AI	2020	London (United Kingdom)
Oct 25, 2021	Acquisition	ComInnex	2006	Budapest (Hungary)
Jan 26, 2021	Acquisition	Avisyn	2016	San Diego (United States)