Algalo Industries

Company Overview

Snapshot

Founded in January 2011, Algalo Industries operates with 1–10 employees. The company has raised $2.6 million across one funding round from one investor. In January 2016, Frutarom invested in Algalo Industries, highlighting the company's potential in microalgae cultivation.

Business overview

Algalo Industries specializes in developing innovative processes for growing microalgae, focusing on reducing production costs and accelerating growth rates. The company's core technology involves patented Flat Panel Bioreactors (PBRs) designed to overcome the limitations of conventional growth methods, offering low setup and operating costs, scalability, and the ability to cultivate a wide range of microalgae. Algalo Industries serves the agriculture and food technologies sector, specifically targeting the nutrition, animal feeding, cosmetics, and supplements markets by producing high-value compounds like astaxanthin, a potent antioxidant.

Strategic signal

In January 2016, Frutarom invested in Algalo Industries and secured exclusive worldwide marketing rights for Algalo products. This strategic partnership indicates strong commercial validation for Algalo's microalgae growing technology and its potential to impact the food and cosmetic product industries, signaling a significant step towards market penetration and product distribution.

Company Intelligence Q&A

What is Algalo Industries' primary focus in microalgae cultivation?

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

What is the key innovation in Algalo Industries' cultivation method?

Algalo Industries utilizes patented Flat Panel Bioreactors (PBRs) for microalgae cultivation. These bioreactors are designed to reduce production costs, achieve faster growth rates, and address the drawbacks of conventional growth methods by offering low setup and operating costs and scalability.

Which company holds a significant stake in Algalo Industries?

Frutarom holds 50% of the shares in Algalo Industries. This investment also granted Frutarom exclusive worldwide marketing rights for Algalo products, as announced in January 2016.

What markets does Algalo Industries target with its microalgae products?

Algalo Industries targets various markets including nutrition, animal feeding, cosmetics, and supplements. The company's focus on astaxanthin production positions its products for applications requiring high-potency antioxidants.

When was Algalo Industries founded?

Algalo Industries was founded in January 2011.