Bloom Biorenewables secures € 2.9 million seed round
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Lead investment from Yokogawa Electric Corporation brings Bloom Biorenewables seed funding round to a total of 2.9M€. The investment will be used to complete biomass fractionation pilot project and secure pre-sales agreements with players from textile, packaging and fragrances industries across Europe.
Bloom was incorporated as a spin-off from EPFL in January 2019 by Dr. Remy Buser, Dr. Florent Héroguel and Prof. Jeremy S. Luterbacher. The company transfers state of the art technologies developed in Swiss Universities to make biomass a true alternative to petroleum. Bloom is focusing on key markets such as fragrances/food-packaging on the short term and textiles/fuels in a later stage, contributing tremendous environmental benefits.Lead investment from Yokogawa Electric Corporation brings Bloom Biorenewables seed funding round to a total of 2.9M€. The investment will be used to complete biomass fractionation pilot project and secure pre-sales agreements with players from textile, packaging and fragrances industries across Europe. Bloom and Yokogawa, a worldwide leader in automation of industrial production processes, also signed a cooperation agreement on the commercialization of Bloom’s breakthrough technology.
Bloom has also an impressive track record of winning awards such as the third stage of Venture Kick, Gebert Rüf Foundation Innobooster, EPFL Tech4Impact and Swiss Climate Foundation.
“These prizes reward the hard work from our dedicated team over the past two years and further solidify our position as a leader of the transition towards a green economy,” said Bloom Co-Founder and CEO Dr. Remy Buser.
Source: Bloom Biorenewables
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