Heliae is a Gilbert, Ariz.-based company that has developed a platform technology producing products from algae. The platform uses sunlight and low-cost carbon feedstocks to produce algae-derived products. The company targets four markets: nutrition, therapeutics, health & beauty and agrosciences. Heliae is led by President and CEO Dan Simon. It raised $28.4M in funding from a group of investors. The company intends to use the funds to support the operation and expansion of its first commercial facility in Gilbert, which was scheduled to be operational in September 2013. Heliae is an algae technology solutions company based in Gilbert, Arizona. Co-founded in 2008 by Frank Mars as a spin-out from Arizona State University, it is led by President and CEO Dan Simon. The company develops and validates technology solutions for commercial production of algae for a variety of uses including food & feed, fertilizer, chemicals, pharmaceuticals, cosmetics, and fuel. Heliae operates a demonstration facility in Arizona and plans to establish an R&D center in Indonesia to serve the region. The company raised $15M in funding to support continued research and development at its Arizona demonstration facility and to take steps toward operating the planned R&D center in Indonesia.

Total raised

$43M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2013