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January 24, 2024
1 min read

Zymochem Secures $21M Series A Funding: A Game-Changer Begins

TLDR:

  • ZymoChem, a carbon-efficient bio-manufacturing company, has closed a $21 million Series A round led by Breakout Ventures.
  • New investors include lululemon athletica and Toyota Ventures, while existing investors such as GS Futures and KdT Ventures also participated.
  • ZymoChem aims to launch its first high-performance material and advance its first partnered product to commercial scale with the funding.
  • The company’s patented technology focuses on improving sustainability within manufacturing by creating bio-based and biodegradable polymers with near-zero CO2 emissions.
  • Partnering with stakeholders across the value chain, ZymoChem aims to scale bio-based chemicals and materials while remaining cost-competitive to petroleum-derived products.

ZymoChem, a company that specializes in carbon-efficient bio-manufacturing, has closed a $21 million Series A round of funding. The lead investor in the funding round was Breakout Ventures, with participation from new investors including lululemon athletica and Toyota Ventures. Existing investors such as GS Futures and KdT Ventures also participated in the round. ZymoChem plans to use the funding to launch its first high-performance material and advance its first partnered product to commercial scale.

The patented technology used by ZymoChem focuses on improving sustainability within manufacturing. The company converts renewable feedstocks into a variety of high-performance, bio-based, biodegradable polymers. A proprietary fermentation process allows ZymoChem to create materials with near-zero CO2 emissions. Additionally, the company improves yields by up to 50% versus alternative processes, resulting in a cost advantage.

ZymoChem’s approach aligns with the goal of improving sustainability within the materials industry. The company’s technology delivers sustainability without compromising performance, scalability, and economics. It has already catalyzed multiple partnerships with world-leading companies. ZymoChem aims to accelerate the real-zero economy by relieving carbon emissions in product development, use, and end-of-life processes.

Toyota Ventures, one of the new investors in the funding round, was particularly interested in ZymoChem’s approach due to its potential to improve sustainability within manufacturing. Lululemon athletica also sees ZymoChem’s technology as a way to align with its goal of improving sustainability within its product portfolio.

ZymoChem’s vision also includes forming partnerships with stakeholders across the value chain to promote the benefits of bio-based manufacturing. The company aims to provide drop-in solutions for existing infrastructure, enabling a smooth transition to more sustainable manufacturing processes.

Breakout Ventures, the lead investor in the funding round, believes that ZymoChem has the most compelling technology to scale bio-based chemicals and materials while remaining cost competitive to petroleum-derived products. The funding round will allow ZymoChem to further develop and expand its impactful technology.

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