Zero2Infinity Looking to Raise $16.4 Million

Microbloon in flight. (Credit: zero2infinity)
Microbloon in flight. (Credit: zero2infinity)

Zero2inifinity is looking to raise $12 million euros ($16.4 million) for its Bloon project, which is designed to carry passengers in a pressurized cabin on high-altitude trips.

Founder José Mariano López-Urdiale said the company has 7 million euros ($9.5 million) in commitments if it can close the 12 million euro round of funding.