AlgaEnergy, established in 2007, is a leading biotechnology-based company in the sector of the microalgae, that researches, develops and commercializes the next generation of biological inputs for a more competitive and sustainable agriculture. AlgaEnergy has established a global innovation network comprising over 200 research partners (public research organizations, universities and other companies), whom it has signed R&I collaboration agreements that amount a significant investment. Its scientists have been devoted to microalgae research since the 70s and have a unique scientific understanding and practical experience that put AlgaEnergy at the forefront of microalgae sector globally. AlgaEnergy promoters are a group of experienced and prestigious entrepreneurs and researchers, that lead a group of people throughout the world serving more than 5 million satisfied farmers, who already benefit from their microalgae-based innovations. Its human team effort and firm commitment in terms of innovation and sustainability have merited recognitions both inside and outside of Spain, reflected by numerous awards and distinctions. It’s pioneering spirit has materialized in many ways, not in vain, it’s the first company in the world to use CO2 from other industries to grow microalgae in a circular business model, also the first company in the world to focus on agriculture with microalgae, and the first company in its sector worldwide to become B-Corp certified.
$6.6M sweet spot round size
2007
$6.6M
from 2 investors over 1 rounds
AlgaEnergy raised $6.6M on October 1, 2021
Investors: Centre for the Development of Industrial Technology (CDTI) and Criteria Venture Tech