{"id":14994,"date":"2024-01-19T14:24:21","date_gmt":"2024-01-19T14:24:21","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14994"},"modified":"2024-01-19T14:24:22","modified_gmt":"2024-01-19T14:24:22","slug":"sustainable-bio-based-materials-producer-zymochem-raises-21-million","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/sustainable-bio-based-materials-producer-zymochem-raises-21-million\/","title":{"rendered":"Sustainable Bio-based Materials Producer ZymoChem Raises $21 Million"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14994\" data-postid=\"14994\" class=\"themify_builder_content themify_builder_content-14994 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Biotech startup ZymoChem announced today that it has raised $21 million, with proceeds from the Series A funding round, in addition to funding from the U.S. Department of Energy and existing revenues, to be used to launch its first high-performance material and advance its first partnered product to commercial scale.<\/p>\n\n\n\n<p>Founded in 2013, California-based ZymoChem uses microbes to convert renewable feedstocks into high-value, biodegradable polymers with a near-zero CO2 emissions footprint. According to the company, the process produces materials with a cost advantage over petroleum-based products, and at higher yields than current biomanufacturing.<\/p>\n\n\n\n<p>Harshal Chokhawala, Co-Founder and CEO of ZymoChem said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;We&#8217;re upending the materials industry. Our technology delivers sustainability without compromising performance, scale, and importantly economics. This unlock already catalyzed multiple partnerships with world-leading companies and we&#8217;re thrilled to expand our impact with our key stakeholders.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>The funding round was led by bioscience-focused venture investor Breakout Ventures with participation from new investors including lululemon athletica and Toyota Ventures, as well as existing investors including GS Futures, KdT Ventures, and Cavallo Ventures.<\/p>\n\n\n\n<p>Lindy Fishburne, Managing Partner at Breakout said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;ZymoChem has the most compelling technology we&#8217;ve seen to scale bio-based chemicals and materials while remaining cost competitive with petroleum-derived products.&#8221;<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Biotech startup ZymoChem announced today that it has raised $21 million, with proceeds from the Series A funding round, in addition to funding from the U.S. Department of Energy and existing revenues, to be used to launch its first high-performance material and advance its first partnered product to commercial scale. Founded in 2013, California-based ZymoChem [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":14995,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[12,4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sustainable Bio-based Materials Producer ZymoChem Raises $21 Million - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/sustainable-bio-based-materials-producer-zymochem-raises-21-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustainable Bio-based Materials Producer ZymoChem Raises $21 Million - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Biotech startup ZymoChem announced today that it has raised $21 million, with proceeds from the Series A funding round, in addition to funding from the U.S. Department of Energy and existing revenues, to be used to launch its first high-performance material and advance its first partnered product to commercial scale. 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