ZymoChem – the creators of the world’s most carbon-efficient bio-manufacturing platform – recently announced it closed a $21 million Series A round of funding. The funding round is led by Breakout Ventures with participation from new investors, including Lululemon Athletica, inc. and Toyota Ventures, and existing investors, including GS Futures, KdT Ventures, and Cavallo Ventures.
By combining this financing with existing revenues from commercial partnerships and funding from the Department of Energy, ZymoChem will launch its first high-performance material and advance its first partnered product to commercial scale.
ZymoChem rethinks how everyday products, from personal hygiene items to textiles, are produced to address the climate crisis. And ZymoChem is redesigning manufacturing with products that do not come from fossil fuels, require carbon-intensive production, or persist for hundreds of years.
Improving sustainability within manufacturing via ZymoChem’s patented technology is especially interesting to Toyota Ventures. And ZymoChem’s approach also aligns well with lululemon’s goal of improving sustainability within its product portfolio.
ZymoChem accelerates the real-zero economy by relieving carbon emissions in product development, use, and end-of-life via:
1.) Platform Approach – Converting renewable feedstocks into a variety of high-performance, bio-based, biodegradable polymers.
2.) Patented and Carbon-Efficient Bio-manufacturing – Creating materials with near-zero CO2 emissions via a proprietary fermentation process.
3.) Superior Economics – Improving yields by up to 50% versus alternative processes creating a dramatic cost advantage.
4.) Visionary Partnerships – Promoting benefits of bio-based manufacturing by partnering with stakeholders across the value chain with drop-in solutions for their existing infrastructure.
KEY QUOTES:
“We’re upending the materials industry. Our technology delivers sustainability without compromising performance, scale, and importantly economics. This unlock has already catalyzed multiple partnerships with world-leading companies and we’re thrilled to expand our impact with our key stakeholders.”
— Harshal Chokhawala, Co-Founder and CEO
“ZymoChem has the most compelling technology we’ve seen to scale bio-based chemicals and materials while remaining cost competitive to petroleum-derived products.”
— Lindy Fishburne, Managing Partner at Breakout Ventures
