Fundz

Algenesis

CARDIFF, CA · Biotechnology Research, Information Technology · 9 employees

Our scientists redesigned plastic materials to harmonize with nature. Our patented Soleic™ technology is the world’s first high performance, renewable, and fully biodegradable plastic material made from algae. Algenesis was founded in 2016 by three professors from UC San Diego, Dr. Stephen Mayfield, Dr. Micheal Burkart, and Dr. Robert Pomeroy. Together they combined their knowledge and background

Funding history

  • Seed — $3.0M — Oct 2024
  • Venture - Series Unknown — $5.0M — Dec 2023
  • Funding Round — Undisclosed — Oct 2023
  • Seed — $5.0M — May 2023
  • Seed — $2.4M — Apr 2021

Recent signals

  • Oct 16, 2025: Algenesis Labs Partners with Safic-Alcan to Introduce Soleic® Sustainable Materials in Europe
  • Oct 25, 2024: Raised $3.0M in Seed
  • Dec 18, 2023: Raised $5.0M in Venture - Series Unknown
  • Oct 26, 2023: Raised funding in Funding Round
  • May 08, 2023: Raised $5.0M in Seed
  • Apr 16, 2021: Raised $2.4M in Seed

See plans & pricing → Track Algenesis’s funding, hiring, and signals — with verified contacts — on Fundz.