What is MiAlgae?
Founded in 2016 and headquartered in Edinburgh, Scotland, MiAlgae is at the forefront of developing sustainable feed alternatives. The company specializes in producing microalgae rich in polyunsaturated fatty acids (PUFAs), positioning them as a viable and environmentally conscious replacement for traditional fishmeal in animal feed. This focus addresses critical needs within the livestock and pet food sectors for high-quality, sustainable ingredients.
How much funding has MiAlgae raised?
MiAlgae has raised a total of $22.1M across 3 funding rounds:
Unspecified
$1.3M
Other Financing Round
$2.3M
Other Financing Round
$18.5M
Unspecified (2020): $1.3M with participation from Hillhouse Group, Equity Gap, Old College Capital, and Scottish Investment Bank
Other Financing Round (2022): $2.3M led by SIS Ventures, Equity Gap, and Ascension
Other Financing Round (2024): $18.5M supported by Equity Gap, Clay Capital, SWEN Blue Ocean, and Rabo Frontier Ventures
Key Investors in MiAlgae
Equity Gap
Equity Gap is a Scottish investment firm focused on high-growth, early-stage businesses across various sectors, including life sciences. They provide crucial funding and support to emerging companies.
Clay Capital
Clay Capital is a boutique investment banking firm specializing in debt and equity funding for SMEs and mid-corporates across diverse industries. They offer tailored deal structuring and funding solutions.
Rabo Frontier Ventures
Rabo Frontier Ventures is an investment fund of Rabobank, globally focused on innovative Fintech and Agtech companies. They invest in early growth-stage companies disrupting Rabobank's business.
What's next for MiAlgae?
The recent major enterprise-level funding signals a pivotal growth phase for MiAlgae. This strategic investment is expected to accelerate the company's expansion, enhance its production capabilities, and broaden its market reach. MiAlgae is poised to further solidify its position as a leader in sustainable aquaculture and animal nutrition, driving innovation in feed technology and contributing to a more circular economy.
See full MiAlgae company page
