Algalo Industries

Company Overview

Snapshot

Founded in January 2011, Algalo Industries operates with 1–10 employees. The company has secured $2.6 million in total capital across one funding round from Frutarom. In January 2016, Frutarom invested in the company, highlighting its innovative approach to microalgae cultivation.

Business overview

Algalo Industries specializes in developing and implementing advanced microalgae growing technology. The company's core offering includes patented Flat Panel Bioreactors (PBRs) designed to reduce production costs and achieve faster growth rates compared to conventional methods. Algalo cultivates various microalgae species, with a current focus on Haematococcus pluvialis for its astaxanthin content, a potent antioxidant. Serving the agriculture and food technologies sector, Algalo's solutions cater to industries requiring high-value algae products for nutrition, animal feeding, cosmetics, and supplements globally.

Strategic signal

In January 2016, Algalo Industries received a $2.6 million investment from Frutarom, a strategic move that provided the company with significant capital to advance its microalgae cultivation technology. This investment not only validated Algalo's innovative process for growing algae but also granted Frutarom exclusive worldwide marketing rights for Algalo products, signaling a strong commercial pathway and market potential for the company's astaxanthin-rich offerings in the food and cosmetics industries.

Company Intelligence Q&A

What is Algalo Industries' primary focus in microalgae cultivation?

Algalo Industries primarily focuses on cultivating Haematococcus pluvialis for its astaxanthin content, which is recognized as a potent antioxidant. The company has also successfully grown nannochloropsis sp., isochrysis sp., porphyridium sp., spirulina sp., and chlorella sp.

What is the key innovation in Algalo Industries' technology?

Algalo Industries' key innovation is its patented Flat Panel Bioreactors (PBRs). These bioreactors address the drawbacks of conventional growth methods by offering low setup and operating costs, scalability, and efficient production of various microalgae, particularly Haematococcus pluvialis.

When was Algalo Industries founded?

Algalo Industries was founded in January 2011.

Which company invested in Algalo Industries and what was the amount?

In January 2016, Frutarom invested $2.6 million in Algalo Industries.

What strategic partnership does Algalo Industries have regarding product marketing?

Frutarom holds 50% of the shares in Algalo Industries and has exclusive worldwide marketing rights for Algalo products.