Algal Scientific Obtains $3,000,000 New Financing Round

  • Feed Type
  • Date
    4/29/2014
  • Company Name
    Algal Scientific
  • Mailing Address
    47050 Five Mile Road Northville, MI 48168 USA
  • Company Description
    Algal Scientific’s proprietary technology provides advanced treatment for municipal and industrial wastewater, while producing high amounts of algal biomass that can be used for biofuels. We design, build, and sell treatment systems incorporating factory assembled modules, then operate them for fees based on pollutant reduction. We are focused on producing clean water first, with biofuels as byproducts
  • Website
    http://www.algalscientific.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor

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