Algenie raised $1.1 million in a pre-seed funding round led by UTS and Better Bite Ventures to develop a modular system for algae production aimed at replacing fossil fuels.
Amount Raised
$1.1 Million
Round Type
Pre-Seed
SydneyBiotechnologyInvestors
Description
Algenie has secured $1.1 million in pre-seed funding to pursue its innovative algae-based solutions to combat climate change. The startup aims to scale algae production at an affordable cost, targeting sustainable plastics and fuels.
Quick answer
Algenie raised $1.1 Million in a Pre-Seed round, dated September 9, 2024. Investors: University Of Technology Sydney (Uts) and Better Bite Ventures. Algenie is based in Sydney, New South Wales, Australia.
- How much did Algenie raise?
- Algenie raised $1.1 Million in a Pre-Seed round on September 9, 2024.
- Who invested in Algenie?
- University Of Technology Sydney (Uts) and Better Bite Ventures are named as investors in this round.
- What does Algenie do?
- Algenie is a biotech startup founded by Nick Hazell, focused on developing innovative methods to grow algae as a sustainable alternative to fossil fuels and plastics.
- Where is Algenie based and how big is it?
- Algenie is based in Sydney, New South Wales, Australia.
- Who are the decision-makers at Algenie?
- Fundz holds 1 contact at Algenie. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Biotechnology around the same time
Companies in the same sectors as Algenie that raised within 45 days of this round, from Fundz verified event records.
- Mach5 Therapeutics raised $19M on October 24, 2024.
- Sonavex raised $15M (Series A) on October 24, 2024.
- Gameto raised $10M (Funding Round) on October 24, 2024.
- Accuryn Medical raised $3.2M (Seed) on October 24, 2024.
- Dyania Health raised $10M (Series A) on October 24, 2024.
- Pathos AI raised $62M on October 24, 2024.
Who to call at Algenie, and when
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- An alert the day Algenie raises, hires an executive or expands, scored against what you sell
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- Who you already know at Algenie, from your own LinkedIn network
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