Participated · Equity · Mar 2024

Phycom develops and produces multiple microalgae species using a modular, fully closed cultivation system designed for high-yield, year-round output with minimal environmental impact. Founded in 2008, the company supplies the B2B food and feed sectors with algae ingredients and cultivation optimisation services. It operates two production facilities in Veenendaal built over the past four years, demonstrating scalability and feasibility of its technology. Phycom conducts projects with partners such as Wageningen University and Research to study algae functionality, market applicability, and product applications. The company plans to scale industrial production, expand marketing activities, and continue technology development to broaden product applications and availability. Phycom produces high-quality microalgae ingredients and offers cultivation optimisation services for food and feed customers. The company has developed an economically viable, scalable modular closed cultivation system that can grow multiple microalgae species simultaneously. Its fully closed system minimises environmental impact and ensures year-round production. Over the past four years Phycom has built two production facilities in Veenendaal, demonstrating scalability and feasibility of its technology. Phycom also collaborates on research into algae functionality and applications, including projects with Wageningen University and Research. The company plans to use the new funding to optimise technology, scale up microalgae production and sales, and strengthen its go-to-market strategy and organisational growth. Financially, Phycom has raised over €10.5M in total following the latest round.