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ALGIECEL secures DKK 50 Million in new Equity Funding

ALGIECEL secures DKK 50 Million in new Equity Funding

Oct 11, 2024 |

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...

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POWER TO X IS MORE THAN FUEL – ALGIECEL and its project partners receive funding of DKK 18m (EUR 2.4m) from EUDP!

POWER TO X IS MORE THAN FUEL – ALGIECEL and its project partners receive funding of DKK 18m (EUR 2.4m) from EUDP!

Aug 16, 2023 | ,

Se dansk version nedenfor ALGIECEL and its project partners receive funding of DKK 18m (EUR 2.4m) from EUDP for a power- and microalgae-based decarbonization project Today, we are excited to announce that ALGIECEL´s EUDP (Energy Technology Development and Demonstration Programme) application has been approved, and that funding of DKK 18 million has been granted. The other project partners are Novozymes, DTU Chemical Engineering, Knowledge Hub...

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ALGIECEL, A CARBON CAPTURE AS A SERVICE COMPANY, RAISES DKK 10m (EUR 1.3m) IN SEED FUNDING

ALGIECEL, A CARBON CAPTURE AS A SERVICE COMPANY, RAISES DKK 10m (EUR 1.3m) IN SEED FUNDING

Jan 18, 2023 |

ALGIECEL raises DKK 10m (EUR 1.3m) in combined funding from Denmark’s Export and Investment Fund[1], a UK-based family fund and private individuals. ALGIECEL’s technology is linking CO2 utilization to the feed and food industry. After having successfully initiated operations of its pilot plant in 2022, ALGIECEL will allocate the new funds towards optimization of the algae-based carbon capture and utilization (CCU) technology, creating further...

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ALGIECEL, a carbon capture as a service company, receives funding

ALGIECEL, a carbon capture as a service company, receives funding

Mar 16, 2022 |

ALGIECEL receives funding from the BioInnovation Institute (BII) and will use the funds for the construction and testing of a novel mobile container-based photobioreactor utilizing algae to sequester CO2 emissions from industrial processes. The CO2 will be turned into highly valuable commodity products such as omega-3 oils and protein and omega-3-rich biomass to be used in food and feed products. Copenhagen & Odense, 16 March 2022 ALGIECEL...

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