{"id":137755,"date":"2024-01-30T07:23:00","date_gmt":"2024-01-30T06:23:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=137755"},"modified":"2024-01-19T13:35:00","modified_gmt":"2024-01-19T12:35:00","slug":"zymochem-secures-21m-series-a-funding-round-led-by-breakout-ventures-with-new-investments-from-lululemon-and-toyota-ventures","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/zymochem-secures-21m-series-a-funding-round-led-by-breakout-ventures-with-new-investments-from-lululemon-and-toyota-ventures\/","title":{"rendered":"ZymoChem Secures $21M Series A Funding Round Led by Breakout Ventures with New Investments from lululemon and Toyota Ventures"},"content":{"rendered":"\n\n
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Harshal Chokhawala, Co-Founder and CEO \u00a9 ZymoChem<\/figcaption><\/figure><\/div>\n\n\n

ZymoChem, creators of the world\u2019s most carbon-efficient bio-manufacturing platform, closed a $21 million Series A round of funding.  The investment is led by Breakout Ventures <\/a>with participation from new investors including lululemon athletica, inc.<\/a> and Toyota Ventures<\/a>, and existing investors including GS Futures<\/a>, KdT Ventures<\/a>, and Cavallo Ventures<\/a>. <\/strong><\/p>\n\n\n\n

By pairing 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.<\/p>\n\n\n\n

To help address the climate crisis, ZymoChem rethinks how everyday products, from personal hygiene items to textiles, are produced. ZymoChem is redesigning manufacturing with products that do not come from fossil fuels, require carbon-intensive production, or persist for hundreds of years.<\/p>\n\n\n\n

Improving sustainability within manufacturing via ZymoChem’s patented technology is what interested Toyota Ventures. ZymoChem’s approach also aligns well with lululemon’s goal of improving sustainability within its product portfolio.<\/p>\n\n\n

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\u201cWe\u2019re upending the materials industry,\u201d said Harshal Chokhawala, Co-Founder and CEO<\/strong>. \u201cOur technology delivers sustainability without compromising performance, scale, and importantly economics. This unlock has already catalyzed multiple partnerships with world-leading companies and we\u2019re thrilled to expand our impact with our key stakeholders.\u201d<\/p>\n<\/blockquote>\n\n\n\n


ZymoChem accelerates the real-zero economy by relieving carbon emissions in product development, use, and end of life via:<\/p>\n\n\n\n