Algatechnologies

Commercial Cultivation of Micro-algae

Agriculture & Food Technologies

Acquired by Solabia on May 2019

Company Overview

Snapshot

Founded in November 1998, Algatechnologies operates with 11–50 employees, focusing on the commercial cultivation of micro-algae. The company was acquired by Solabia in May 2019, marking a significant milestone in its trajectory.

Business overview

Algatechnologies specializes in the commercial cultivation of micro-algae, leveraging marine biology and advanced production technologies to develop micro-algae-based products. Its core offerings include AstaPure, a natural astaxanthin derived from Haematococcus pluvialis micro-algae, and FucoVital, a proprietary composition for liver health sourced from Phaeodactylum tricornutum micro-algae. These products are marketed globally to the nutrition, food and beverage, and cosmetics industries, positioning the company within the Agriculture & Food Technologies sector.

Strategic signal

In September 2022, Algatechnologies announced that its AstaPure Arava microalgae astaxanthin demonstrated beneficial mind-body effects. This development highlights the company's ongoing commitment to scientific validation and product efficacy, reinforcing the potential for micro-algae-derived ingredients in health and wellness markets and signaling continued innovation in its core offerings.

Company Intelligence Q&A

When was Algatechnologies acquired by Solabia?: Algatechnologies was acquired by Solabia in May 2019.
What was a key finding regarding AstaPure Arava microalgae astaxanthin in September 2022?: In September 2022, Algatechnologies announced that its AstaPure Arava microalgae astaxanthin showed beneficial mind-body effects.
What was a significant partnership for Algatechnologies in May 2017?: In May 2017, Lycored announced a joint venture with Algatechnologies, aiming to combine their expertise in carotenoid research and production.
What product did Algatechnologies introduce in March 2017?: In March 2017, Algatechnologies introduced Whole-Algae AstaPure Natural Astaxanthin.
When did Algatechnologies open a new US subsidiary?: Algatechnologies opened a new US subsidiary in June 2017.

External links

Algatechnologies — full profile (machine-readable)

Algatechnologies combines marine biology, commercial production technologies, and international marketing to deliver micro-algae-based products backed by scientific, regulatory, and IP support. Algatechnologies is producing AstaPure, a natural astaxanthin, which is one of the world's most powerful antioxidants sourced from the micro-algae Haematococcus pluvialis. AstaPure is marketed in more than 35 countries to the nutrition, food and beverage, and cosmetics industries. Another product by Algatechnologies is FucoVital, which is a proprietary composition for liver health derived from the Phaeodactylum tricornutum micro-algae. This type of micro-algae is a naturally rich source of fucoxanthin, a carotenoid which plays a part in photosynthesis and helps protect the micro-algae from oxidative stress.

Facts
Name	Algatechnologies
One-liner	Commercial Cultivation of Micro-algae
Type	Startup
Primary sector	Agriculture & Food Technologies
Founded	1998
Employees	11-50
Employees (exact)	30
HQ / location	Ketura, Ketura, Israel, South District
Product stage	Released
Website	https://www.algatech.com
LinkedIn	https://www.linkedin.com/company/2447089
Crunchbase	algatechnologies
IL Registrar	512700147

Facts

Name

Algatechnologies

One-liner

Commercial Cultivation of Micro-algae

Type

Startup

Primary sector

Agriculture & Food Technologies

Founded

1998

Employees

11-50

Employees (exact)

HQ / location

Ketura, Ketura, Israel, South District

Product stage

Released

Website

https://www.algatech.com

https://www.linkedin.com/company/2447089

Crunchbase

algatechnologies

IL Registrar

512700147

Classification
Sectors	Agriculture & Food Technologies, Ag Tech, Farm Equipment & Treatment, Climate Tech, Food & Land Use, Sustainable Proteins, Clean Industry Tech , Sustainable Materials & Circularity
Core technology	Biologicals, Microorganisms
Target customers	Healthcare & Life Sciences, Life Sciences, Pharmaceuticals, Biotechnology, Agriculture & Food, Marine Life, Aquatic Plants
Business models	B2C, B2B2C, B2B
Tags	materials, cardiology, sustainable-proteins, immunology, fertility, biotechnology, foodtech, food-ingredients, aquaculture, food-and-beverage, supplements, algae, nutrition, climate-tech, agtech, growing-systems, skin-care, life-sciences

Classification

Sectors

Agriculture & Food Technologies, Ag Tech, Farm Equipment & Treatment, Climate Tech, Food & Land Use, Sustainable Proteins, Clean Industry Tech , Sustainable Materials & Circularity

Core technology

Biologicals, Microorganisms

Target customers

Healthcare & Life Sciences, Life Sciences, Pharmaceuticals, Biotechnology, Agriculture & Food, Marine Life, Aquatic Plants

Business models

B2C, B2B2C, B2B

Date	Type	Amount	Detail
May 2019	exit	Undisclosed
Feb 2013	exit	$30M

Name	Role	Founder
Udi Cottan	CEO
Kiryl Matsiuk	VP Global Operations
Omer Grundman	VP R&D
Liat Shemesh	Head of Marketing
Danit Shahaf	Human Resources Manager
Talia Ronen	Human Resources Manager

Date	Source	Summary
Sep 14, 2022	www.prnewswire.com	AstaPure Arava® microalgae astaxanthin shows beneficial mind-body effects
May 22, 2019	en.globes.co.il	Solabia buys Israeli microalgae co Algatechnologies
Feb 11, 2019	www.prnewswire.com	Algatech Delivers Potent Astaxanthin in Whole-food Format
May 10, 2018	www.prnewswire.com	Algatech Partners With Sphera on Microalgae
Apr 3, 2018	www.calcalistech.com	Israeli Biotech Company Algatech Expands Into Asia
Sep 19, 2017	www.prnewswire.com	Algatech Offers Organic, Non-GMO Natural Astaxanthin
Jun 15, 2017	www.prnewswire.com	Algatech Opens New US Subsidiary
May 25, 2017	www.naturalproductsinsider.com	Lycored Announces Joint Venture With Algatech
May 15, 2017	www.nutraingredients-usa.com	Algatech aiming for multiple new algae-derived ingredient launches over next few years
Mar 2, 2017	www.naturalproductsinsider.com	Algatechnologies Introduces Whole-Algae AstaPure® Natural Astaxanthin
Nov 28, 2016	www.foodingredientsfirst.com	Algatechnologies Partners in EIT Food - Winner of Pan-European Call
Feb 3, 2016	www.israel21c.org	Is 2016 the year of algae?
Feb 1, 2016	www.nutritioninsight.com	Algatechnologies Announces Verification by the Non-GMO Project
Jun 8, 2015	www.nutritioninsight.com	Algatechnologies and FujiFilm Partner on Natural Astaxanthin
Nov 13, 2014	www.globes.co.il	Algae are more than just Sushi
Mar 17, 2013	www.israel21c.org	The powerful new antioxidant made of sun and algae
Feb 18, 2013	www.nutritioninsight.com	Private Equity Acquires Stake in Natural Astaxanthin Supplier Algatechnologies
Feb 12, 2013	www.globes.co.il	Grovepoint buys control of Algatechnologies at $50m company value

Algatechnologies

Company Overview

Snapshot

Business overview

Strategic signal

Company Intelligence Q&A

External links

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