Bloom: Announcement of its Seed Round of funding by Breakthrough Energy Ventures-Europe

On 23 February, IDEALFUEL partner Bloom has announced the closing of its Seed Round of funding, resulting in a total of €3.9 million raised from dilutive and non-dilutive sources.

The Press Release on this announcement explains that this new investment will give Bloom the opportunity to act as a leader in sustainability and accelerates the market entry of its bio-based solutions. The funding round was led by Breakthrough Energy Ventures-Europe (BEV-E), which links European Investment Bank funding to the European Programme for Research and Innovation, Horizon 2020. This will guarantee long-term risk capital in order to accelerate global decarbonisation and support clean energy innovations reaching the market – faster, more efficiently, and in more places in Europe.

Click here to read the announcement on Bloom’s website.

The full Press Release can be found here.