Swedish Algae Factory raises €3M to scale production of diatom-based materials. The funding will support the expansion of its factory in Western Sweden to meet the growing demand for its patented Algica material.
Amount Raised
€3 Million
Round Type
Seed
GothenburgManufacturingInvestors
Description
Swedish Algae Factory has raised €3M in additional funding from new and existing investors, such as Chalmers Ventures. The company is expanding its factory in Western Sweden to meet increasing demand for its patented Algica material. Algica, derived from the algae’s unique silica shell, has a variety of applications, from beauty and personal care to green chemicals and energy storage solutions. CEO Sofie Allert highlighted the importance of environmentally friendly production practices in their operations.
Quick answer
Swedish Algae Factory raised €3 Million in a Seed round, dated April 3, 2025. Investors: Chalmers Ventures. Swedish Algae Factory is based in Gothenburg, Västra Götaland County, Sweden.
- How much did Swedish Algae Factory raise?
- Swedish Algae Factory raised €3 Million in a Seed round on April 3, 2025.
- Who invested in Swedish Algae Factory?
- Chalmers Ventures is named as investors in this round.
- What does Swedish Algae Factory do?
- Swedish Algae Factory utilizes diatoms, microscopic algae recognized for their high-tech silica shells, to produce a patented material called Algica.
- Where is Swedish Algae Factory based and how big is it?
- Swedish Algae Factory is based in Gothenburg, Västra Götaland County, Sweden. Fundz records about 20 employees.
- Who are the decision-makers at Swedish Algae Factory?
- Fundz holds 1 contact at Swedish Algae Factory. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Swedish Algae Factory that raised within 45 days of this round, from Fundz verified event records.
- PsiQuantum raised $22M on May 15, 2025.
- CarbonSix raised $4M (Seed) on May 15, 2025.
- Kincell Bio raised $22M (Funding Round) on May 15, 2025.
- Persperion Diagnostics raised $450K on May 15, 2025.
- Sino Applied Technology raised $20M (Series C) on May 14, 2025.
- BURN raised $5M (Funding Round) on May 14, 2025.
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