AlgaHealth

Company Overview

Snapshot

Founded in September 2017 by Oran Ayalon, AlgaHealth operates with 1–10 employees. The company has raised $2.98M across 4 funding rounds from 4 investors. In March 2020, AlgaHealth secured funding from Kibbutz Ein Shemer and HaMashtela.

Business overview

AlgaHealth is a biotech company focused on developing high-impact, high-value functional ingredients derived from microalgae. The company's core technology leverages deep knowledge in microalgae cultivation to produce highly efficient strains with concentrated functional ingredients. This approach aims to address challenges in the food industry related to the quantity, quality, and price of functional ingredients, enabling food manufacturers to integrate proven functional components into their products. AlgaHealth serves the agriculture and food technologies sector, with a focus on sustainable farming and the production of raw materials for various industries, including biotechnology, cosmetics, and pharmaceuticals.

Company Intelligence Q&A

What is AlgaHealth's primary focus?

AlgaHealth specializes in developing high-impact, high-value functional ingredients from microalgae, offering a sustainable and cost-effective solution for the food industry.

When was AlgaHealth founded?

AlgaHealth was founded in September 2017.

Who are the founders of AlgaHealth?

Oran Ayalon is a co-founder and board member of AlgaHealth.

What was a key funding event for AlgaHealth?

In March 2020, AlgaHealth secured funding from Kibbutz Ein Shemer and HaMashtela.

Has AlgaHealth received any grants?

In December 2022, AlgaHealth received a grant from KORIL-RDF. Additionally, in November 2019, the company secured a grant from EU Horizon 2020.