The SoftBank and Hanwha-backed innovative materials producer boosted its overall funding to more than $870m in a round led by Baillie Gifford.

Zymergen, a US-based advanced materials developer backed by conglomerate Hanwha and internet and telecommunications group SoftBank, secured $300m in series D funding yesterday.

Investment management firm Baillie Gifford led the round, which also featured asset manager Baron Capital Group and an undisclosed sovereign wealth fund, in addition to growth financing from Perceptive Advisors. The company expects to raised additional cash for it later this year.

Founded in 2013, Zymergen is working on advanced microorganism-based materials for use in the electronics,…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn