Sustainable and a source of food ingredients for meat replacement and feed additives. Algae are fascinating organisms that can contribute to a better planet and better health. A perfect fit with Invest International’s Agrifood strategy focused on transforming the food system, Invest International now invests in Phycom, an innovative algae producer from The Netherlands with a state-of-the-art production facility in Veenendaal. Our investment supports the company with its further international growth path and commercial roll-out.
Phycom is a producer of algae for the food and feed industry. Algae are one of the most effective protein sources on earth; CO2 emissions are nearly 40 times lower than meat protein. The company’s mission is to produce high-quality food products that improve human and animal health on a large scale.
One of the main reasons for Invest International invests to Phycom is its innovative production method, that is more efficient and sustainable than conventional micro-algae production. Furthermore, Invest International’s investment supports direct jobs in the Netherlands, enables the company to develop an international expansion plan and contributes to SDG 13 (climate action) and SDG 8 (sustainable economic growth).
The investment involves a total of 2 million euros in Equity as part of a Series A funding round to enable further company growth. For the total investment of 9 million euros Invest International has teamed up with Invest-NL, Corbion and Phase2.earth.
Phycom is a producer of algae for the food and feed industry. Algae are one of the most effective protein sources on earth; CO2 emissions are nearly 40 times lower than meat protein. The company’s mission is to produce high-quality food products that improve human and animal health on a large scale.
Photo: © Phycom; a look inside the algae production facilities in Veenendaal.
All parties involved in the investment value Phycom’s distinctive technology for large-scale microalgae cultivation and advocate its systems’ cost-effectiveness and sustainability principle.
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 intensifying the Phycom team on all levels of the organization. With this, the appointment of new complementary board members is also on the horizon. Additionally, it will help expand marketing activities and fund further technology development.
“Investing in Phycom fits perfectly with our AgriFood strategy, helping drive important change in the food system, thereby contributing to the SDGs. Stepping in this together with Invest-NL gives wings to the state-of-the-art plant in Veenendaal. Serving as a blueprint for developing other similar plants around the world; the technology can be used in any climate. This investment creates direct jobs in the Netherlands, enabling the company to develop an international expansion plan. An excellent example of Dutch Solutions for Global Challenges.”
Read more on our Agri-food strategy
Algae’s versatility as a nutrient-rich food source and their potential to contribute to environmental solutions make them valuable for human and animal use. Whether consumed directly as a dietary supplement or indirectly through animal products, algae play a crucial role in nutrition and sustainability.
Some facts:
Phycom is a microalgae ingredient producer that strives to improve and strengthen food availability and quality for humans and animals. Its unique modular systems offer unparalleled efficiency and eco-conscious solutions. Phycom services the B2B food and feed industry with microalgae products and cultivation optimization services. 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.
Read more on Phycom
Eelco Benink
Head of Equity
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