What is MiAlgae?
Founded in 2016 and headquartered in Edinburgh, Scotland, MiAlgae is dedicated to transforming the feed industry by cultivating microalgae rich in polyunsaturated fatty acids (PUFAs). These microalgae are intended to serve as a sustainable replacement for fishmeal in livestock and pet feed, addressing concerns about overfishing and the environmental impact of traditional feed sources. The company's innovative approach positions it at the forefront of AgTech, aiming to provide a more sustainable and nutritionally dense alternative.
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, Ascension, and Equity Gap
Other Financing Round (2024): $18.5M supported by Clay Capital, Rabo Frontier Ventures, SWEN Blue Ocean, and Equity Gap
Key Investors in MiAlgae
Clay Capital
Clay Capital is a company operating in the Research & Development industry, based in Andhra Pradesh, India, suggesting a focus on innovative technological advancements.
Rabo Frontier Ventures
Rabo Frontier Ventures is a significant investment fund of Rabobank, globally focused on innovative Fintech and Agtech companies, indicating a strategic interest in disruptive agricultural technologies.
Equity Gap
Equity Gap is a Scottish investment firm that backs high-growth, early-stage businesses across various sectors, including life sciences, aligning with MiAlgae's innovative approach.
What's next for MiAlgae?
With the recent influx of major strategic investment, MiAlgae is poised for significant expansion and further development of its microalgae production capabilities. This capital infusion is expected to accelerate the company's efforts to scale its operations, enhance its product offerings, and potentially explore new market segments. The backing from prominent investors suggests a strong belief in MiAlgae's business model and its potential to disrupt the global feed market, paving the way for broader adoption of its sustainable solutions.
See full MiAlgae company page
