Morressier – a Berlin-based startup transforming scholarly communications – recently announced it has raised a $16.5 million Series B funding round led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures. And this growth investment follows the company’s Series A round from May 2021 and will be topped up with further funding for acquisition opportunities.
Morressier counts some of the industry’s leading players in the scientific ecosystem as customers like IOP Publishing, AAAS, ASCE, APS, and Mayo Clinic. The company will use its Series B growth capital for continued product innovation, scaling its go-to-market activities, including the institutional and corporate market, and expanding partnerships with leading research integrity vendors.
Morressier also recently announced its Integrity Manager, which is designed to protect research integrity at every step of the publishing journey. The company already offers scientific researchers a suite of pre-submission checks to ensure submission completeness and quality and help comply with industry standards. Plus, integrity tools are also being developed into Journal Manager, a state-of-the-art journal submission system under development, with IOP Publishing on board as the first major client.
KEY QUOTES:
“Attracting such strong support from investors in this climate is the ultimate validation that Morressier is doing critical work. Science is experiencing an integrity crisis and this investment will help us to double down on our efforts to support academic societies, institutions and publishers in this fight.”
– Sami Benchekroun, Morressier co-founder and CEO
“There is a massive need for a new infrastructure in the science world, and we are convinced that Morressier with its highly experienced team will be shaping the new structure of this industry in the following years.”
– Christoph Hornung, partner at Molten Ventures
“Deepening our partnerships across the scholarly publishing industry is core to Morressier’s growth: it ensures that we remain aligned with and supportive of stakeholder needs. This latest investment is going to be of huge benefit to our customers and the broader scholarly publishing community, as we up the ante in the research integrity arms race on their behalf.”
– Othman Altalib, Morressier Chief Growth Officer
“We see our partnership with Morressier as a real opportunity to reimagine the publishing experience for our authors and reviewers. By building a new submission and peer review system around the needs of the research community, we can optimise our workflows in ways that will make a real difference. As we work to enhance the publishing process, the validity of the science we publish is always front of mind and so we welcome the news of this latest investment in Morressier. It will strengthen their game in rising to the evolving challenges of research integrity.”
– Miriam Maus, Chief Publishing Officer at IOP Publishing
