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
Address: Helgavej 26
City: Odense
State: south denmark
Zip: 5230
Country: DK
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 |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2022 | Seed Round | 1 | $1.3M |
Vaekstfonden Vaekstfonden |
3/2022 | Grant | 1 | $59.9k |
BioInnovation Institute BioInnovation Institute |
1/2023 | Seed | $1.4M |
Denmark’s Export and Investment Fund |
6/2022 | Grant | $425.6k |
European regional development fund (ERDF) |
9/2022 | Grant | 1 | $160.6k |
Innovation Fund Denmark Innovation Fund Denmark |
3/2022 | Convertible Note | $660.3k |
BioInnovation Institute |
4/2022 | Grant | $44.6k |
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