ZymoChem Completes $4 Million Seed Financing
December 8, 2021
SAN FRANCISCO BAY AREA – ZymoChem, Inc., an early-stage bioproducts company engineering microbial-based processes for manufacturing industrial chemicals and crafting high-performance materials, today announced that it has closed a $4 million Seed financing. New investors of ZymoChem include Breakout Ventures, Cavallo Ventures, GS Futures, KdT Ventures, and Litani Ventures, along with existing investor SOSV’s IndieBio. Proceeds from the round will be used to scale ZymoChem’s bioprocesses for multiple commercial products and expand the R&D and Business Development teams. This financing brings the total raised to $18 million to-date, including $13 million in non-dilutive funding from US government grants and ZymoChem’s first partnership with a large chemicals conglomerate.
“ZymoChem’s carbon-efficient biotechnology reduces carbon waste and can be scaled for bio-based production of chemicals at incredibly low costs – a true game changer for decreasing the carbon footprint of the chemicals industry,” said Harshal Chokhawala, President and CEO of ZymoChem. “2022 is a very exciting year for ZymoChem. We are doubling our team size, scaling up our carbon-efficient biomanufacturing processes for multiple products, and broadening our C2 technology’s impact through additional partnerships to expand the available high-performance, sustainable products on the market.”
ZymoChem is a biotechnology-centric chemicals company focused on designing fermentation processes and manufacturing high-performance materials that go into everyday consumer goods. The company works with industry-leading partners to introduce novel bio-based products with high growth market opportunities where performance, bio-content, and sustainability are key. ZymoChem’s mission is realized through its proprietary Carbon Conservation (C2) Microbes and biotechnology platform that enable rapid development of scalable fermentation processes operating at cutting-edge efficiencies while delivering substantially lower costs than the incumbent processes.
“ZymoChem is the perfect example of where we are seeing biology, chemistry, and technology converge to create bio-based solutions for our planet,” said Lindy Fishburne, Managing Partner of Breakout Ventures. “We are excited to partner with the company as they begin scaling their fermentation processes to secure a sustainable future.”
“ZymoChem is re-thinking how to build a Proctor & Gamble for the 21st century. By hiring world-class biotechnology talent that can design and engineer bio-based, hero ingredients into everyday products, ZymoChem is paving the way for a new, more sustainable chemicals industry,” said Phil Grayeski, Partner of KdT Ventures. “No longer do we need to exploit fossil fuels to manufacture everyday goods. We’ve been incredibly impressed by ZymoChem’s growth, technology, and their vision. There is lots of exciting news coming soon that will disrupt how we think about our everyday consumer goods.”
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ZymoChem is an emerging leader in biomanufacturing of chemicals and materials. For additional information about ZymoChem, Inc. and open roles, please visit www.zymochem.com.