Btomorrow Ventures (BTV) is excited to announce our latest investment, into tech start-up Bloom Biorenewables, based in Marly, Switzerland.
Founded in 2019, Bloom has developed a technology that converts biomass, such as wood and hazelnut shells for example, into functional materials. This process offers an alternative to petroleum-based materials for use in applications such as fragrance, packaging and biofuels.
Together with their team, founders Remy Bruser, Florent Héroguel, and Jeremy Luterbacher, bring valuable expertise in the chemical industry to Bloom.
The new funding, which involved BTV alongside a number of other investors, will be used over the coming years to scale Bloom’s AAF process (Aldehyde-Assisted Fractionation) and engineer first-of-a-kind commercial-scale units, while accelerating market entry. This investment marks a pivotal step in the company's mission to revolutionise the materials industry and contribute to a more sustainable future.
BTV’s investment helps to support BAT’s sustainable packaging objectives, and we aim to work closely with Bloom to explore potential applications of its sustainable materials in BAT’s packaging processes, furthering BAT’s commitment to its A Better Tomorrow™ strategy.
As with BTV’s recent investment into sustainable packaging technology platform one.five, the collaboration with Bloom also looks to reduce the environmental impact of BAT’s packaging and drive the development of more eco-friendly solutions within the industry.
Speaking today, BTV’s Investment Director, Lukasz Garbowski says:
“I welcome Bloom to BTV’s family. The company is a strong addition to our sustainable packaging portfolio with the technology having the potential to reshape multiple industries. We are excited to work closely with the Bloom team and support BAT’s ambition to accelerate sustainable solutions across our value chain.”
Bloom co-CEO and co-founder, Remy Bruser, says:
"We are incredibly grateful for the support from our investors and excited about the opportunities this funding brings. With this investment, we are well-positioned to advance our technology and bring our sustainable solutions to market. Our AAF (Aldehyde-Assisted Fractionation) technology represents a significant leap forward in biomass upgrading, and we are eager to demonstrate its potential to transform the industry.”
Many thanks to the BTV deal team who made this investment happen: team lead and Investment Analyst Luca Marras; Investment Director Lukasz Garbowski; Impact Investment Manager Josh Galpin; CFO in Residence Fiona Kinghorn; Head of Legal Peter Wozny.
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