Zymochem Closes $21 Million Series A

<p><strong>SAN LEANDRO<&sol;strong> – ZymoChem&comma; creators of a carbon-efficient bio-manufacturing platform&comma; has closed a &dollar;21 million Series A round&period;  The investment was led by Breakout Ventures with participation from new investors including lululemon athletica&comma; inc&period; and Toyota Ventures&comma; and existing investors including GS Futures&comma; KdT Ventures&comma; and Cavallo Ventures&period;  By pairing this financing with existing revenues from commercial partnerships and funding from the Department of Energy&comma; ZymoChem will launch its first high-performance material and advance its first partnered product to commercial scale&period;<&sol;p>&NewLine;<p>To help address the climate crisis&comma; ZymoChem rethinks how everyday products&comma; from personal hygiene items to textiles&comma; are produced&period; ZymoChem redesigns manufacturing with products that do not come from fossil fuels&comma; require carbon-intensive production&comma; or persist for generations&period; Improving sustainability within manufacturing via ZymoChem&&num;8217&semi;s patented technology is what interested Toyota Ventures&period; ZymoChem&&num;8217&semi;s approach also aligns well with lululemon&&num;8217&semi;s goal of improving sustainability within its product portfolio&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We’re upending the materials industry&comma;” said Harshal Chokhawala&comma; Co-Founder and CEO&period; &OpenCurlyDoubleQuote;Our technology delivers sustainability without compromising performance&comma; scale&comma; and importantly economics&period; This unlock already catalyzed multiple partnerships with world-leading companies and we&&num;8217&semi;re thrilled to expand our impact with our key stakeholders&period;&&num;8221&semi;<&sol;p>&NewLine;<p>ZymoChem accelerates the real-zero economy by relieving carbon emissions in product development&comma; use&comma; and end of life via&colon;<&sol;p>&NewLine;<p><strong>Platform Approach<&sol;strong>&colon; Converting renewable feedstocks into a variety of high-performance&comma; bio-based&comma; biodegradable polymers&period;<br &sol;>&NewLine;Patented&comma; Carbon-Efficient Bio-manufacturing&colon; Creating materials with near-zero CO2 emissions via a proprietary fermentation process&period;<br &sol;>&NewLine;<strong>Superior Economics&colon;<&sol;strong> Improving yields by up to 50&percnt; versus alternative processes creating a dramatic cost advantage&period;<br &sol;>&NewLine;Visionary Partnerships&colon; Promoting benefits of bio-based manufacturing by partnering with stakeholders across the value chain with drop-in solutions for their existing infrastructure&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;ZymoChem has the most compelling technology we&&num;8217&semi;ve seen to scale bio-based chemicals and materials while remaining cost competitive to petroleum-derived products&comma;” said Lindy Fishburne&comma; Managing Partner at Breakout&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;