{"id":100243,"date":"2024-11-25T10:41:21","date_gmt":"2024-11-25T09:41:21","guid":{"rendered":"https:\/\/www.pcb.ub.edu\/bzeos-raises-more-than-5-million-euros-in-equity-and-grant-funding\/"},"modified":"2024-11-27T18:42:19","modified_gmt":"2024-11-27T17:42:19","slug":"bzeos-raises-more-than-5-million-euros-in-equity-and-grant-funding","status":"publish","type":"post","link":"https:\/\/www.pcb.ub.edu\/en\/bzeos-raises-more-than-5-million-euros-in-equity-and-grant-funding\/","title":{"rendered":"Biotechnology company B\u2019ZEOS secures more than \u20ac5M in total funding"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.bzeos.com\/\">B\u2019ZEOS<\/a>, a European blue-tech company leading the way in sustainable packaging solutions made from seaweed, has closed its seed round led by <a href=\"https:\/\/www.faber.vc\/\">Faber<\/a> with participation from ICIG Ventures, the venture capital unit of International Chemical Investors Group (<a href=\"https:\/\/ic-investors.com\/\">ICIG<\/a>). To date, the company -which has an R&amp;D centre in the Barcelona Science Park- has raised equity and grant funding to \u20ac5M+. <\/strong><\/p>\n<p>The partnership with Faber and ICIG will empower the company to accelerate product development, swiftly meet industry demands, and initiate commercial production for corporate partners. Faber\u2019s commitment to advancing ocean-based technologies makes them an ideal investment partner for B\u2019ZEOS. In addition, the strategic collaboration with ICIG, a privately owned industrial group with an interest in biotechnology and novel materials, will enable B\u2019ZEOS to fine tune its products and increase production by leveraging ICIG\u2019s expertise in compounds.<\/p>\n<p>The latest round contributes to previous funding from pre-seed biotech investor <a href=\"https:\/\/biotope-incubator.com\/\" target=\"_blank\" rel=\"noopener\">biotope<\/a>\u00a0and ocean-tech accelerator <a href=\"https:\/\/www.soalliance.org\/ocean-solutions-accelerator\/\" target=\"_blank\" rel=\"noopener\">Sustainable Ocean Alliance<\/a> (SOA), as well as private and public grants provided by the Research Council of Norway, Global Seaweed Coalition, Innovation Norway and the Eureka Network\u2019s Eurostars programme.<\/p>\n<p>\u201cWe\u2019ve developed a truly sustainable seaweed-based packaging solution, derived from a variety of seaweed species. We&#8217;re not just focused on developing an eco-friendly solution; we are providing an industry-ready, scalable alternative for packaging manufacturers globally. Backed by strategic investors and leveraging our extensive experience in the packaging sector, B\u2019ZEOS is poised to lead the way in transforming the industry with our innovative materials&#8221;, says <strong>Guy Maurice<\/strong>, founder &amp; SeaEO of B\u2019ZEOS.<\/p>\n<p><strong>Rita Sousa, <\/strong>partner at Faber adds: \u201cAs global demand for sustainable packaging solutions accelerates, we&#8217;re excited to partner with B\u2019ZEOS and support their mission of transforming the packaging industry at scale. Our investment aligns with our commitment to back ocean-based innovations that have the potential to drive positive environmental change and reshape industries for a sustainable future\u201d.<\/p>\n<p>\u201cB\u2019ZEOS is pioneering an exceptional approach to sustainable materials, and we recognise that potential\u201d, states <strong>Dr. Pelin Yilmaz<\/strong>, Investment director at ICIG Ventures. \u201cOur partnership with B\u2019ZEOS, complemented by the expertise of our compounding platform, allows us to transition towards fossil-free, compostable packaging. We were impressed by B\u2019ZEOS\u2019 tech-oriented team. Their industry expertise enables them to understand the sustainability needs and requirements of the packaging sector, creating solutions that are both robust and versatile.\u201d<\/p>\n<p>B&#8217;ZEOS\u2019 seaweed-based solutions are not only fully bio-based and home-compostable but also compatible with existing packaging production lines. Seaweed\u2019s rapid growth rate, ability to sequester CO<sub>2<\/sub>, and lack of dependence on land or fresh water, without releasing microplastics, make it an ideal raw material for sustainable packaging. The material\u2019s versatility is complemented by B\u2019ZEOS\u2019 variety of applications, catering to a broad range of sectors and enabling the company to address diverse packaging needs while supporting corporate partners&#8217; sustainability goals.<\/p>\n<p>The viability and scalability of B\u2019ZEOS\u2019 packaging has been validated in five paid pilots to date, in collaboration with partners such as Nestl\u00e9 and other industry players. B\u2019ZEOS will participate in additional pilot schemes to further demonstrate the value of its solution, with the potential of reaching a test-shop with its partners. With the seed round, B\u2019ZEOS will then be able to expand on their technology readiness level (TRL) and bring it further from TRL7 to TRL8, providing corporate partners with a scalable and impactful solution that will pave the way for a more sustainable future.<\/p>\n<p><strong>\u00bb For further information:<\/strong> <a href=\"https:\/\/www.bzeos.com\/post\/b-zeos-secures-seed-round-and-strategic-partnerships\" target=\"_blank\" rel=\"noopener\">B\u2019ZEOS website [+]<\/a><\/p>\n<p>\u00bb\u00a0<a href=\"https:\/\/www.pcb.ub.edu\/en\/bzeos-an-innovative-greentech-company-joins-the-barcelona-science-park\/\" target=\"_blank\" rel=\"noopener\">Related news [+]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>B\u2019ZEOS, a European blue-tech company leading the way in sustainable packaging solutions made from seaweed, has closed its seed round led by Faber with participation from ICIG Ventures, the venture&#8230;<\/p>\n","protected":false},"author":14,"featured_media":100205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-100243","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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