Corbion, Phase2.earth, Invest-NL, and Invest International invested over EUR 9 million in Dutch microalgae ingredient producer Phycom.

Founded in 2008, Phycom empowers food-producing companies with innovative algae ingredients and enhances specialty production in the feed industry through algae’s functional properties. The Phycom team spent the past four years building two production facilities in Veenendaal, proving the technology and scalability of microalgae production. The investment round secures microalgae cultivation with constant, top-tier quality on an industrial scale and paves the way for intensifying the Phycom team on all levels of the organization.

All parties involved in this investment value Phycom’s distinctive technology for large-scale microalgae cultivation and advocate its systems’ cost-effectiveness and sustainability principle. As microalgae can transform and potentially play a crucial role in our food systems, investors support Phycom’s products and their promise for the food transition by providing this sustainable protein alternative.

“At Corbion, we unleash the power of algae fermentation to enhance nutrition while preserving the world’s limited resources. 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,” said Ruud Peerbooms, president of Corbion Algae Ingredients.

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