AlgaEnergy is an international biotechnology company focused exclusively on microalgae, developing and commercializing microalgae-based solutions across agriculture, nutrition, cosmetics and other sectors. Its core commercial product line is microalgae-based agricultural biostimulants, which the company has sold since 2009 and are used by more than 2 million farmers worldwide. AlgaEnergy operates what it describes as a highly advanced industrial microalgae production plant in Arcos de la Frontera (Cádiz) and maintains a technology partnership with Iberdrola dating to 2009. Founded in 2007, the company emphasizes strong R&D investment and positions itself as an international reference in microalgae science and applications. Following the recent capital increase, AlgaEnergy plans to finance geographic expansion of its commercial structure, launch new business lines in nutrition and cosmetics, and develop additional microalgae-derived products. The investment is intended to reinforce the company's international leadership and broaden its offering of sustainable microalgae solutions. AlgaEnergy is a Spanish biotechnology firm specializing in the production and commercial applications of microalgae. It operates a commercial production facility in southern Spain and has been a pioneer in the microalgae biotechnology field since 2007. In late 2015 the company launched the world’s first line-up of microalgae-based biostimulant products to promote efficient crop cultivation. AlgaEnergy consolidates over four decades of academic knowledge in microalgae and has invested heavily in applied R&D under scientific leadership including Professor Miguel Garcia Guerrero. The company has secured an approximately €10 million equity investment from Yokogawa to fund projects such as international expansion of its biostimulant sales organization, entry into food and cosmetics, and development of its product pipeline. The strategic partnership also covers R&D, manufacturing, marketing and sales, with Yokogawa providing automation technologies to help maximize quality and efficiency as production scales.

Total raised

$11M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2018