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
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
European Union
& 2 more
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Employee Count
Employee Count
- 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(23 Jun 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Grant - Algatech | Valuation |
investors |
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| Jun, 2013 | Amount | Private Equity Round - Algatech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A private investment firm with principal and management services.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Manufacturer of cosmecutical, nutraceutical, microbiological diagnostics, and pharmaceutical products
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algatech
Algatech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Supreme Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Algatech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algatech Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microalgae cultivation technology is developed and supplied.
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| domain | founded_year | HQ Location |
Microalgae are processed via fermentors to yield biomass feedstock.
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| domain | founded_year | HQ Location |
Algae are cultivated, harvested, and processed into oils and products.
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| domain | founded_year | HQ Location |
Algae-based specialty ingredients are manufactured and supplied for food applications.
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| domain | founded_year | HQ Location |
Seaweed-based biological solutions for agriculture and beyond are developed.
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| domain | founded_year | HQ Location |
Bioactive compounds from algal strain
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algatech
Frequently Asked Questions about Algatech
When was Algatech founded?
Algatech was founded in 1998 and raised its 1st funding round 15 years after it was founded.
Where is Algatech located?
Algatech is headquartered in Eilat, Israel. It is registered at Eilat, Southern District, Israel.
Who is the current CEO of Algatech?
Udi Cottan is the current CEO of Algatech.
Is Algatech a funded company?
Algatech is a funded company, having raised a total of $50M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $50M, raised on Jun 23, 2013.
What does Algatech do?
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.
Who are the top competitors of Algatech?
Algatech's top competitors include Fermentalg, Microphyt and Provectus Algae.
How many acquisitions has Algatech made?
Algatech has made 1 acquisition, including Supreme Health.
Who are Algatech's investors?
Algatech has 3 investors. Key investors include European Union, Solabia, and Grovepoint.