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Biotech startup ZymoChem introduced at the moment that it has raised $21 million, with proceeds from the Collection A funding spherical, along with funding from the U.S. Division of Power and current revenues, for use to launch its first high-performance materials and advance its first partnered product to industrial scale.
Based in 2013, California-based ZymoChem makes use of microbes to transform renewable feedstocks into high-value, biodegradable polymers with a near-zero CO2 emissions footprint. Based on the corporate, the method produces supplies with a price benefit over petroleum-based merchandise, and at greater yields than present biomanufacturing.
Harshal Chokhawala, Co-Founder and CEO of ZymoChem stated:
“We’re upending the supplies trade. Our know-how delivers sustainability with out compromising efficiency, scale, and importantly economics. This unlock already catalyzed a number of partnerships with world-leading corporations and we’re thrilled to increase our influence with our key stakeholders.”
The funding spherical was led by bioscience-focused enterprise investor Breakout Ventures with participation from new buyers together with lululemon athletica and Toyota Ventures, in addition to current buyers together with GS Futures, KdT Ventures, and Cavallo Ventures.
Lindy Fishburne, Managing Associate at Breakout stated:
“ZymoChem has probably the most compelling know-how we’ve seen to scale bio-based chemical compounds and supplies whereas remaining value aggressive with petroleum-derived merchandise.”
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