ZymoChem, a San Leandro, CA-based provider of a carbon-efficient bio-manufacturing platform, raised $21M in Series A funding.
The round was 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.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Harshal Chokhawala, ZymoChem provides proprietary Carbon Conserving (C2) microbes that convert renewable feedstocks into bio-based materials without compromising price, performance, scale, or sustainability, while minimizing CO2 loss during production. It accelerates a real-zero economy by relieving carbon emissions in product development, use, and end of life through:
- Converting renewable feedstocks into a variety of high-performance, bio-based, biodegradable polymers.
- Creating materials with near-zero CO2 emissions via a proprietary fermentation process.
- Improving yield by up to 50% versus alternative processes, creating a cost advantage.
- Promoting benefits of bio-based manufacturing by partnering with stakeholders across the value chain with drop-in solutions for their existing infrastructure.
Commenting on the news, Harshal Chokhawala said: “Our technology delivers sustainability without compromising performance, scale, and importantly economics. This unlock already catalyzed multiple partnerships with world-leading companies and we’re thrilled to expand our impact with our key stakeholders.“
FinSMEs
16/01/2024