Algal Scientific is a company that offers innovative solutions for animal feed, human nutrition, and wastewater treatment. It operates in two specialized divisions. One division focuses on producing ProGlucan beta-glucan products for animal feeds and human nutrition. The other division is dedicated to commercializing the Hypertrophic wastewater treatment system, which is licensed to clients in the food and beverage sector. Founded in 2008 and headquartered in Plymouth, Michigan, the company was acquired by Kemin Industries in March 2017. In September 2016, Algal Scientific received a $2.00M Convertible Note investment from a group of investors including Formation 8, Huron River Ventures, Independence Equity, and Evonik Industries. The company has a strong presence in agriculture, biotechnology, health care, and the water industries. Overall, Algal Scientific has shown potential in providing sustainable solutions across multiple sectors, as indicated by its product offerings and the involvement of notable investors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Convertible Note | $2.00M | 4 | Evonik Industries | 09 Sep 2016 |
Series B | $7.00M | 4 | Evonik Industries | 01 Mar 2015 |
Series A | $3.00M | 7 | 28 Apr 2014 | |
Venture Round | Unknown | 1 | 29 Nov 2012 | |
Venture Round | Unknown | 1 | 12 Nov 2009 |
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