Bloom Biorenewables Ltd announces on February 23rd the closing of its Seed Round of funding, resulting in a total of €3.9 million raised from dilutive and non-dilutive sources.The round was led by Breakthrough Energy Ventures-Europe (BEV-E). It links European Investment Bank funding guaranteed by the European Programme for Research and Innovation, Horizon 2020, with long-term risk capital in order to accelerate global decarbonisation and support clean energy innovations reaching the market – faster, more efficiently, and in more places in Europe. Other investors in the round include Berlin-based Beyond Black Venture Capital fund and several Angel Investors, that will provide strategic support for upcoming growth. This new investment confirms the potential of the company to act as a leader in sustainability and accelerates the market entry of its bio-based solutions.
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