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Algal Scientific

company

About

Algal Scientific serves the animal feed, human nutrition, and wastewater treatment industries.

  • 11 - 50

Highlights

Total Funding Amount
$12M
Funding Rounds
3
Investors
1

Details

Last Funding Type
Series A
Last Funding Money Raised
$3M
Industries
Agriculture,Animal Feed,Biotechnology,Food and Beverage,Health Care,Nutraceutical,Water
Founded date
Jan 1, 2008
Number Of Employee
11 - 50
Operating Status
Close

Algal Scientific has two distinct business units that serve the animal feed, human nutrition, and wastewater treatment industries. One unit is focused on the production of their ProGlucan beta-glucan products for animal feeds and human nutrition. The second unit is dedicated to the commercialization of their Hypertrophic wastewater treatment system, which they license to customers in the food and beverage industry.

It was acquired by Kemin Industries in March 2017. It was founded in 2017 and is based in Plymouth, Michigan.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$12M
Algal Scientific has raised a total of $12M in funding over 2 rounds. Their latest funding was raised on Sep 9, 2016 from a Convertable Note round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 9, 2016 Convertable Note $2M 1 — — Detail
Mar 1, 2015 Series B $7M 1 — — Detail
Apr 28, 2014 Series A $3M 1 Independence Equity — Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Algal Scientific is funded by 1 investors. Independence Equity are the most recent investors.
Investor Name Lead Investor Funding Round
Independence Equity — Convertable Note
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