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.

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