Mara Renewables develops sustainable plant-based nutritional and nutraceutical ingredients using a portfolio of microalgal strains and environmentally friendly extraction methods to produce high-quality algal oil. Its ingredients are approved by multiple regulatory and certification bodies, including The Non-GMO Project, Health Canada and the European Food Safety Authority. The company supplies global customers in infant nutrition, supplements, and food & beverage. Mara’s teams span Canada and the UK, with headquarters in Dartmouth, Nova Scotia. Led by CEO Arturo Ania, the company plans to use new capital to expand R&D initiatives into commercial products. The article reports the company completed a growth equity raise of $39.9M.

Total raised

$40M

Funding rounds

1

Latest round

Equity

Latest activity

May 2022