About Algama
Algama is a company based in Evry-courcouronnes (France) founded in 2013 by Alvyn Severien. Algama has raised $21.26 million across 5 funding rounds from investors including Thai Union Group, European Union and VegInvest. The company has 1 employees as of December 31, 2021. Algama offers products and services including Tamalga Baking, Tamalga Cake, and Tamalga Waffle. Algama operates in a competitive market with competitors including Microphyt, Fermentalg, Algaia, Arbiom and YEASTY, among others.
- Headquarter Evry-courcouronnes, France
- Employees 1 as on 31 Dec, 2021
- Founders Alvyn Severien
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Sectors
ConsumerAgriculture
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Email
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Phone
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Website
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Social
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- Legal Name Algama Corp.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$21.26 M (USD)
in 5 rounds
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Latest Funding Round
$13.95 M (USD), Series A
Jan 11, 2023
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Investors
Thai Union Group
& 5 more
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Employee Count
1
as on Dec 31, 2021
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Products & Services of Algama
Algama offers a comprehensive portfolio of products and services, including Tamalga Baking, Tamalga Cake, and Tamalga Waffle.
Microalgae-based substitute for eggs in baking applications.
Microalgae-based alternative for eggs in cake preparation.
Microalgae-based option for eggs in waffle recipes.
People of Algama
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Funding Insights of Algama
Algama has successfully raised a total of $21.26M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $13.95 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Algama
Algama has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Thai Union Group, European Union and VegInvest.
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Vegan investments are directed to early-stage animal-free food companies.
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Investment advisory focused on vegan and sustainable solutions.
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Sustainable food sector ventures are invested in by Blue Horizon.
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Investor details for Algama
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Investments & Acquisitions by Algama
Investment portfolio details for Algama
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Financial Statements - Algama
Detailed financials for Algama
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Algama Comparisons
Peer comparison for Algama
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Competitors of Algama
Algama operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Microphyt, Fermentalg, Algaia, Arbiom and YEASTY, among others.
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Microalgae cultivation technology is developed and supplied.
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Microalgae are processed via fermentors to yield biomass feedstock.
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Seaweed-based biological solutions for agriculture and beyond are developed.
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Sustainable protein ingredients are developed via fermentation technologies.
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Provider of protein substitute ingredients
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Detailed competitors of Algama
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Latest news on Algama
Complete news archive for Algama
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Frequently Asked Questions about Algama
Algama was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Algama is headquartered in Evry-courcouronnes, France. It is registered at Evry-courcouronnes, Essonne, France.
Alvyn Severien is the current CEO of Algama. They have also founded this company.
Algama is a funded company, having raised a total of $21.26M across 5 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Algama is 1.
Algama was founded in 2013 in Evry Courcouronnes, France, within the health and wellness sector. Algae-based protein drinks are developed, incorporating ingredients like vitamins, minerals, spirulina, and microalgae. These products are positioned to offer benefits such as antioxidant effects and energy support. Operations center on formulation and distribution of such functional beverages for consumer health applications.
Algama's top competitors include Fermentalg, Microphyt and Algaia.
Algama offers Tamalga Baking, Tamalga Cake, and Tamalga Waffle.
Algama has 6 investors. Key investors include Thai Union Group, European Union, VegInvest, Beyond Impact Advisors, and Blue Horizon.