Triple S Ventures Celebrates Strategic Investment by Alchemist Doha in Denovo Sciences
Deal News | May 05, 2025 | Alchemist Accelerator LLC
Triple S Ventures announced a strategic investment by Alchemist Doha into Denovo Sciences, an innovative startup in the field of AI-driven drug discovery. This move marks a collaborative effort initiated by Triple S Ventures to connect Denovo Sciences with the Alchemist network, which facilitated several engagements across Armenia, Palo Alto and Qatar. The investment enhances Denovo's expansion into the MENA region and supports Qatar's vision of becoming a hub for biomedical innovation. Denovo Sciences uses its proprietary reinforcement learning platform to design novel therapeutics, targetting complex diseases without relying heavily on massive datasets, pushing boundaries in drug development. As this partnership unfolds, Triple S Ventures reaffirms its commitment to supporting Armenian founders and the global scaling of scientific and technological breakthroughs.
Sectors
- Biotechnology
- Venture Capital
Geography
- Qatar – Alchemist Doha is based in Qatar and is integral to the investment and expansion strategy for Denovo Sciences in the MENA region.
- Armenia – Triple S Ventures focuses on Armenian founders and has played a role in connecting these entities globally.
- United States – Denovo Sciences and engagement activities involve locations like Palo Alto, emphasizing cross-border collaboration.
Industry
- Biotechnology – Denovo Sciences operates in the biotechnology sector through its development of AI-native drug discovery platforms, focusing on complex life sciences challenges.
- Venture Capital – Triple S Ventures and Alchemist Doha are both part of the venture capital industry, investing in innovative startups with high growth potential.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Triple S Ventures | Venture Capital Firm | Company | Early-stage venture capital firm supporting Armenian founders in building globally competitive startups. |
| Alchemist Doha | Investment Firm | Company | Qatar-based equity vehicle supporting tech entrepreneurs via strategic investments in promising startups. |
| Denovo Sciences | Portfolio Company | Company | Deep tech company revolutionizing drug development with AI-native platforms, targeting complex diseases. |
| Alchemist Accelerator LLC | Parent Company | Company | A global network that collaborates with Alchemist Doha to support innovative founders and products. |