MiAlgae is a United Kingdom-based startup founded in 2016, aiming to revolutionize the livestock and pet feed industries. The company's mission is to address the declining wild fish stocks and rising demand for Omega-3s by offering microalgae rich in polyunsaturated fatty acids (PUFAs) as a sustainable replacement to fishmeal in feed. This £14.00M Series A investment received on 18 September 2024 from a consortium of investors including Ascension Ventures (UK), SIS Ventures, Scottish Enterprise, Clay Capital, Equity Gap, Blue Oceans Partners, Edinburgh Innovations, Rabobank Food & Agri Innovation Fund, Ananke Ventures illustrates the confidence in MiAlgae’s innovative approach. The startup's zero-waste solution, which recycles co-products from whisky production to grow Omega-3 rich microalgae while returning clean water, makes it environmentally beneficial and effective. This aligns with the global need for sustainable livestock production, thus positioning MiAlgae as a key player in contributing towards meeting the needs of the growing world population. For further updates, interested parties can follow MiAlgae on Twitter (https://www.twitter.com/mialgae) and Instagram (https://www.instagram.com/mialgae/).
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | £14.00M | 9 | Rabobank Food & Agri Innovation Fund, Ananke Ventures | 18 Sep 2024 |
Series A | £2.30M | 5 | The Conduit EIS Impact Fund | 17 Aug 2022 |
Seed Round | £1.00M | 4 | Scottish Investment Bank | 08 Jan 2020 |
Seed Round | £500.00K | 1 | 14 Jun 2018 | |
Grant | £70.00K | - | 28 Mar 2018 |
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