Algenesis

Assembly Line

Plant-based material science company Algenesis secures new funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Algenesis, First Bight Ventures


Leading plant-based material science company Algenesis Corporation has raised US$5M in a funding round led by First Bight Ventures, with Circulate Capital and others. A pioneer in developing bio-based plastics that are competitive with petroleum-based in both cost and functionality, Algenesis’ patented Soleic® technology is the world’s first renewable, high performance, fully biodegradable and backyard compostable bioPolyurethane (bioPU) made from plants and algae.

Read more at PR Newswire