Phycobloom secures pre-seed funding from the Zero Carbon Fund to advance algae biofuels
The Zero Carbon Fund led the oversubscribed pre-seed round to support algal gene editing and prototype development.
Phycobloom is a biotechnology firm engineering algae to produce affordable, carbon-neutral biofuels.
Phycobloom has secured pre-seed funding led by the Zero Carbon Fund to support its work on algae-based biofuels.
The capital will allow the company to advance its research in gene editing and construct laboratory-scale prototypes for commercial validation. Zero Carbon Fund director Pippa Gawley will join the company board as an investor director following the oversubscribed transaction.
The investment marks the second deployment from the Zero Carbon Fund, which focuses on early-stage climate mitigation technologies.
From the founder
"We are thrilled to joining the Zero Carbon Fund portfolio and to have their support while building the next generation of climate mitigation technologies that the world so desperately needs"
John Waite
CEO at Phycobloom
Investor perspective
"Phycobloom represent exactly the type of opportunity we want to support,"
Pippa Gawley
Managing Director, Zero Carbon Capital
Use of funds
- 01Fund research and development
- 02Build out infrastructure