Algiecel

ALGIECEL has been founded to take part in the challenge of transforming today´s CO2 emissions into feasible business opportunities

Business Model:

Revenue: $0

Employees: 1-10

Detailed Algiecel Information

Geographic Data

Algiecel headquarters map

Address: Helgavej 26

City: Odense

State: south denmark

Zip: 5230

Country: DK

Financial Info

Stage:

grant

Raised Last:

$426k

Raised Total:

$1M

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Description

ALGIECEL - Securing CO2 neutrality with carbon capture as a service Microalgae Cultivation – Easily scalable with modular photobioreactors ALGIECEL is transforming CO2 emissions and LED light into microalgae biomass and Oxygen. The company has developed a plug &a; play photobioreactor that can be stacked and packed as it is fitting into standard shipping containers. The reactor is easily installable and requires little technical know-how from small and mid-size industrial clients. ALGIECEL has designed a novel business model that transforms the cost challenge of CO2 removal into a profitable business opportunity across the entire value chain through revenue sharing from the microalgae biomass and carbon credit sales. ALGIECEL´s primary target markets for the application of the photobioreactor will be the biogas and fermentation sectors. In these fast-growing industries many sites are too small for large power-to-x projects to reduce CO2 emissions. Here, ALGIECEL aspires to help in solving the CO2 challenge with our modular carbon capture technology and revenue sharing business model.

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
6/2022 Grant $425.6k European regional development fund (ERDF)
9/2022 Grant 1 $160.6k Innovation Fund Denmark
Innovation Fund Denmark
3/2022 Grant 1 $59.9k BioInnovation Institute
BioInnovation Institute
4/2022 Grant $44.6k
3/2022 Convertible Note $660.3k BioInnovation Institute
1/2023 Seed $1.4M Denmark’s Export and Investment Fund
10/2022 Seed Round 1 $1.3M Vaekstfonden
Vaekstfonden
Announced Date Name Price

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