Algenesis Labs

Algenesis Materials is a material science and technology company that aims to combat pollution. Through their patented Soleic™ technology, they have developed the world's first high-performance, renewable, and fully biodegradable plastic material made from algae. Founded in 2016 by three professors from UC San Diego - Dr. Stephen Mayfield, Dr. Micheal Burkart, and Dr. Robert Pomeroy - the company's innovative approach addresses the escalating global plastic pollution crisis.

Their product line currently focuses on soft foams for footwear and hard foams for surfboards, with ongoing research to explore new applications for Soleic™ technology. With a strong focus on sustainability and environmental impact, Algenesis is at the forefront of developing new technologies that have applications across a variety of industries.

The latest investment of $5.00M came through a Seed Round at 26 October 2023, with contributions from Circulate Capital and First Bight Ventures. The company operates from the United States and operates within the industries of Biotechnology, ESG, Manufacturing, and Waste Solution.