Zero Carbon Fund leads pre-seed investment in Phycobloom
The Zero Carbon Fund (htpps://zerocarbon.capital) is excited to announce their investment in the pre-seed funding round of Phycobloom (https://phycobloom.com), a UK-based bio-technology company engineering algae that will enable cheap, carbon-neutral biofuels that can power future air travel and more.
The new investment round will enable Phycobloom to build on its cutting-edge research in gene editing, and move toward commercial validation by building several lab-scale prototypes. Dr John Waite, CEO of Phycobloom, said, “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"
“Phycobloom represent exactly the type of opportunity we want to support,” said Pippa Gawley, Managing Director of Zero Carbon Capital. “John and Ian are incredibly smart, mission-driven founders, working on an innovative scientific solution to a part of our Carbon Economy that is responsible for over half-a-gigaton of CO2 emissions per year.”
The Zero Carbon Fund led the oversubscribed round, and Pippa Gawley will take an investor director board seat with Phycobloom. This represents the second investment from the Zero Carbon Fund.
Phycobloom is using synthetic biology to create novel strains of algae that will use atmospheric CO2 to create affordable and sustainable hydrocarbons. Phycobloom’s founders are Dr Ian Hu, who has been genetically engineering algae for a decade, and Dr John Waite, with a background in materials science and a passion for creating the sustainable energy systems of the future.
About Zero Carbon
The Zero Carbon Fund is an EIS fund investing in early-stage companies on a mission to address climate change through deep-science, hard-tech innovation. We invest in ambitious teams with breakthrough ideas that can scale to reduce greenhouse gas emissions by half a gigaton per year.
Zero Carbon Capital Limited (FRN: 916588) is an appointed representative of Sapphire Capital Partners LLP (FRN: 565716), who are authorised and regulated by the Financial Conduct Authority.
For more information about Zero Carbon Capital, the Zero Carbon Fund and regulatory disclaimers relating to investment in EIS eligible companies, please see https://zerocarbon.capital
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Director, Zero Carbon Capital