About Algatech
Algatech is a company based in Eilat (Israel) founded in 1998 was acquired by Solabia in May 2019. Algatech has raised $50 million across 2 funding rounds from investors including European Union, Solabia and Grovepoint. Algatech has completed 1 acquisition, including Supreme Health. Algatech operates in a competitive market with competitors including Microphyt, Fermentalg, Simris Alg, TerraVia and Algaia, among others.
- Headquarter Eilat, Israel
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Sectors
Agriculture
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Phone
Locked
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Website
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Social
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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
$50 M (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
European Union
& 2 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Solabia
(May 22, 2019)
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Funding Insights of Algatech
Algatech has successfully raised a total of $50M across 2 strategic funding rounds. 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 Algatech
Algatech has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Solabia and Grovepoint.
| Investor | Description | Founded Year | Domain | Location |
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A private investment firm with principal and management services.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Manufacturer of cosmecutical, nutraceutical, microbiological diagnostics, and pharmaceutical products
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Investor details for Algatech
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Investments & Acquisitions by Algatech
Algatech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Supreme Health.
Investment portfolio details for Algatech
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Steel fabrication and engineering services are provided for multiple sectors.
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Complete acquisition details for Algatech
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Financial Statements - Algatech
Detailed financials for Algatech
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Algatech Comparisons
Peer comparison for Algatech
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Competitors of Algatech
Algatech 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, Simris Alg, TerraVia and Algaia, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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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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Algae are cultivated, harvested, and processed into oils and products.
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Algae-based specialty ingredients are manufactured and supplied for food applications.
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Seaweed-based biological solutions for agriculture and beyond are developed.
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Bioactive compounds from algal strain
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Detailed competitors of Algatech
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Latest news on Algatech
Complete news archive for Algatech
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Frequently Asked Questions about Algatech
Algatech was founded in 1998 and raised its 1st funding round 15 years after it was founded.
Algatech is headquartered in Eilat, Israel. It is registered at Eilat, Southern District, Israel.
Udi Cottan is the current CEO of Algatech.
Algatech is a funded company, having raised a total of $50M across 2 funding rounds to date.
Algatechologies was established in 1998 as a biotechnology firm focused on microalgae cultivation. Operations center on producing and supplying AstaPure, a natural astaxanthin antioxidant derived from Haematococcus pluvialis. Based in Eilat, Israel, the company supports bio-ingredients for various applications in the health and nutrition sectors. Cultivation processes emphasize sustainable methods for commercial-scale output.
Algatech's top competitors include Fermentalg, Microphyt and Provectus Algae.
Algatech has made 1 acquisition, including Supreme Health.
Algatech has 3 investors. Key investors include European Union, Solabia, and Grovepoint.