Tech Company Financing Transactions
Provectus Algae Funding Round
Provectus Algae closed a funding round on 3/3/2023. Investors included CJ CheilJedang Corp..
Transaction Overview
Company Name
Announced On
3/3/2023
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
CJ CheilJedang Corp. (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate commercialization efforts that bring innovative specialty ingredients to market.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
5 Bartlett Road Noosaville,
Queensland, 4566
AU
Queensland, 4566
AU
Phone
Undisclosed
Email Address
Overview
Provectus Algae is an Australia-based biotechnology company specializing in the optimization of microalgae species to produce high-value biobased chemicals, specialty ingredients, and biologics for use in a wide array of industries and applications. Provectus Algae enables groundbreaking capabilities with a well-balanced fusion of innovative proprietary technology and a thorough knowledge of the unique biological traits of microalgae. By leveraging advanced automation, machine learning, and synthetic biology approaches, Provectus Algae can rapidly develop, execute, and license biomanufacturing processes depending on the needs of our commercial partners.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nusqe Spanton
Chief Financial Officer
David Toohey
Chief Technical Officer
Preston Toole
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