Harshal Chokhawala, Co-Founder and CEO.
From the press release.
ZymoChem, creators of the world’s most carbon-efficient bio-manufacturing platform, closed a $21 million Series A round of funding. The investment is led by Breakout Ventures with participation from new investors including lululemon athletica, inc. and Toyota Ventures, and existing investors including GS Futures, KdT Ventures, and Cavallo Ventures.
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.
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.
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.