Tech Company Financing Transactions
Algal Scientific Funding Round
Algal Scientific, operating out of Northville, secured $3 million in investment from Evonik Venture Capital, Formation 8 and Independence Equity.
Transaction Overview
Company Name
Announced On
4/29/2014
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The completion of this funding allows us to begin the commercial scale production and sale of Algamune, the company's brand of algae-based beta-1,3-glucan, a valuable compound used in poultry, swine, aquaculture and other livestock production, human foods, and nutraceuticals in order to support a healthy immune system.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
14925 Galleon Ct.
Northville, MI 48170
USA
Northville, MI 48170
USA
Phone
Website
Email Address
Not Recorded
Overview
Algal Scientific developed Algamune, an algae-derived source of beta-1,3-glucan for use in animals and humans.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Geoff Horst
Chief Financial Officer
James Fahrner
Chief Technical Officer
Robert Levine
VP - Engineering
Randolph Chick
VP - Operations
Craig Banotai
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