About
Algalo Industries has developed an innovative process for growing algae that reduces production costs while achieving faster growth rates. The company has successfully grown nannochloropsis sp., isochrysis sp., porphyridium sp., spirulina sp., and chlorella sp., and is now focusing on cultivating haematococcus pluvialis for its astaxanthin content. Astaxanthin pigment is the most potent antioxidant known in nature, and has been scientifically proven to be more effective than any other carotenoid. Algalos patented Flat Panel Bioreactors (PBR) are microalgae growing facilities that address the setbacks of conventional growth methods. The PBRs offer low setup costs and scalable setup; low maintenance and operating costs; a wider range of microalgae; and efficient production of haematococcus pluvialis, resulting in a higher concentration of astaxanthin. Frutarom holds 50% of the shares in Algalo Industries and has the exclusive worldwide marketing rights for Algalo products.
Funding history · 1 round · $2.6M total
Company Intelligence Q&A
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- What is Algalo Industries' primary focus in microalgae cultivation?
- Algalo Industries is primarily focused on cultivating haematococcus pluvialis to extract astaxanthin pigment, known for its potent antioxidant properties.
- What is the key technology developed by Algalo Industries?
- Algalo Industries has developed patented Flat Panel Bioreactors (PBRs) for growing microalgae, which aim to reduce production costs and achieve faster growth rates compared to conventional methods.
- When did Algalo Industries receive its Series A funding?
- Algalo Industries received a Series A funding round in January 2016, totaling $2.6 million.
- Which company is a significant investor and partner in Algalo Industries?
- Frutarom invested in Algalo Industries and holds 50% of its shares. Frutarom also has exclusive worldwide marketing rights for Algalo products.
- What is the current operational status of Algalo Industries?
- According to startupim data, Algalo Industries has been inactive since August 2017.
- What types of microalgae has Algalo Industries successfully grown?
- Algalo Industries has successfully grown nannochloropsis sp., isochrysis sp., porphyridium sp., spirulina sp., and chlorella sp.
- What are the claimed benefits of Algalo Industries' Flat Panel Bioreactors?
- Algalo Industries' Flat Panel Bioreactors offer low setup and operating costs, scalability, the ability to grow a wider range of microalgae, and efficient production of haematococcus pluvialis with higher astaxanthin concentration.
- When was Algalo Industries founded?
- Algalo Industries was founded in January 2011.