Corbion, Phase2.earth, Invest-NL, and Invest International unlock the power of small with an investment of around €9M: Phycom is ready to transform the future of nutrition.
Phycom, StartLife alumnus, today announced an investment of around €9M from key partners. The investment round ensures the cultivation of microalgae with consistent top quality on an industrial scale. The microalgae producer in Veenendaal is honored that the investors have endorsed the future of food and the production of microalgae for healthy humans and animals.
Investors see promise in Phycom
All parties involved in this investment value Phycom’s distinctive technology for the large-scale cultivation of microalgae and support the cost-effectiveness and sustainability principle of its systems. Investors support Phycom’s products becuase microalgae potentially play a crucial role in transforming our food system as a sustainable protein alternative.
Corbion Algae Ingredients‘ strategic partner and president, Ruud Peerbooms, says:
“At Corbion, we are unleashing the power of algae fermentation to improve nutrition while conserving the world’s limited resources. The capabilities demonstrated by Phycom offer great potential, and we believe that combining complementary strengths through this collaborative partnership will help us continue to redefine what is possible through algae-based technologies.”
“The capabilities demonstrated by Phycom offer great potential, and we believe that combining complementary strengths through this collaborative partnership will help us continue to redefine what is possible through algae-based technologies.”
“Through this investment, Phase2 has taken a step to strengthen our portfolio in the food transition. Microalgae will be a key ingredient in the food of the future and will contribute to a more sustainable world,” said Boudewijn Poelmann, founder of Phase2.earth.
Investment Associate of Invest-NL, Daan Meijer, stated, “Invest-NL wants to accelerate the transition to a sustainable food system by investing in innovative technologies for alternative proteins. The role of microalgae in this transition, and the unique technology and large-scale production of Phycom, make us particularly proud to add Phycom to our investment portfolio.”
Eelco Benink, Head of Equity at Invest International, concludes:
“Investing in Phycom fits perfectly within our agrifood strategy. We are helping to bring about important changes in the food system and thereby contribute to the SDGs. By stepping in together with Invest-NL, the investment creates direct employment in the Netherlands, allowing the company to develop an international expansion plan. A great example of Dutch solutions for global challenges.”
“By stepping in together with Invest-NL, the investment creates direct employment in the Netherlands, allowing the company to develop an international expansion plan. A great example of Dutch solutions for global challenges.”
Phycom expansion plans
In addition to the new investors, this round also received renewed support from all existing shareholders. The Phycom team has spent the past four years building two manufacturing facilities in Veenendaal, with which the technology and scalibility of microalgae production has been proven. This investment paves the way for expansion of the Phycom team at all levels of the organization. With this, the appointment of new complementary board members on the horizon. In addition, it will help expand marketing activities and fund further technology development funding.