ALGIECEL Raises DKK 50 Million (EUR 6.5 Million) in New Equity Funding Round
We are pleased to announce that ALGIECEL has successfully secured DKK 50 million (EUR 6.5 million) in a recent equity funding round led by West Hill Capital. This milestone is a testament to the strength of our business case and our ongoing commitment to providing sustainable, low-carbon solutions for the feed, food, and cosmetics industries. The funding will enable us to accelerate our next development phase, including the construction of our first full-scale demonstration unit at Novonesis in Kalundborg, scheduled for Q3 2025.
This funding round is particularly noteworthy considering the current investment climate for biotech startups, where higher capital requirements and risks have led to a more selective approach from investors. The process took considerable effort and due diligence, but the successful outcome is a clear indication of the market’s confidence in ALGIECEL’s potential to drive sustainable innovation. Our unique algae-based technology, which converts CO2 emissions into valuable ingredients, continues to attract significant commercial interest as we scale our operations.
To gain a deeper insight into this funding round and ALGIECEL’s vision, we encourage you to read the full article published by AnimalAgtech Europe.
Read the full story here: ALGIECEL Raises DKK 50m (EUR 6.5m) in New Funding – Animal AgTech Innovation Summit – AMSTERDAM (animalagtecheurope.com).
