Phycom Receives €9m Investment to Accelerate Growth

 Seagriculture EU 2024
Phycom

Phycom’s distinctive technology for large-scale microalgae cultivation.

Veenendaal, Netherlands-based Phycom has announced an investment of over 9 million Euros from key partners. This financing round, the company states, will secure their microalgae cultivation with constant, top-tier quality on an industrial scale.

All parties involved in this investment endorse Phycom’s distinctive technology for large-scale microalgae cultivation and advocate its systems’ cost-effectiveness and sustainability principle. Agreeing that microalgae can potentially play a crucial role in our food systems, all the investors support Phycom’s vision for providing this sustainable protein alternative. 

The Phycom team spent the past four years building two production facilities in Veenendaal, proving the technology and scalability of microalgae production. This investment paves the way for building the Phycom team at all levels of the organization.

Strategic partner and President of Corbion Algae Ingredients, Ruud Peerbooms, said, “Phycom’s shown capabilities offer great potential, and we believe combining complementary strengths through this collaborative partnership will help us continue to redefine what’s possible through algae-based technologies.”

“Through this investment, Phase2 has taken a step to strengthen our portfolio in the food transition,” added Boudewijn Poelmann, Phase2.earth’s founder. “Microalgae will be a key ingredient in the foods of the future and will contribute to a more sustainable world.”

Apart from new investors, this round also drew renewed support from all existing shareholders.

Seagriculture USA 2024
AlgaeMetrics

Subscribe

Breaking-News

  • April 19, 2024: Hospitalized COVID-19 patients who took spirulina had a lower risk of death than those who did not, according to results of a randomized controlled trial recently published in Frontiers in Immunology. READ MORE...
  • April 17, 2024: A research team exploring the untapped potential of seaweed farming for carbon sequestration is positioning Taiwan to play a role in offsetting global carbon emissions. READ MORE...
  • April 15, 2024: Somater, a French manufacturer of plastic and polymer primary packaging for cosmetics, pharmaceuticals, food, and industry, has partnered with French start-up Eranova to create a 100% bio-based line of packaging from green algae collected on the banks of a brackish water lagoon near Marseille, in the south of France. READ MORE...
  • April 12, 2024: Global warming is triggering significant shifts in temperate macroalgal communities worldwide, favoring small, warm-affinity species over large canopy-forming, cold-affinity species. A new study delves into the impacts of increasing sea surface temperature on the subtidal macroalgal communities in the southeastern Bay of Biscay over the last four decades. READ MORE...

Algae Europe 2024

A Beginner’s Guide