About Algenie
Algenie is a company based in Sydney (Australia) founded in 2023 by Mathieu Pernice, John E Martin, and Nick Hazell. Algenie has raised $1.1 million across 1 funding round from investors including Better Bite Ventures. Algenie offers products and services including Photobioreactor and AI-driven Strain Optimization. Algenie operates in a competitive market with competitors including Newlight Technologies, Tidal Vision, Novomer, Calyxia and Microphyt, among others.
- Headquarter Sydney, Australia
- Founders Mathieu Pernice, John E Martin, Nick Hazell
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Sectors
AgricultureEnvironment Chemicals & Materials
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$1.1 M (USD)
in 1 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Sep 10, 2024
- Investors
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Employee Count
Not available
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Products & Services of Algenie
Algenie offers a comprehensive portfolio of products and services, including Photobioreactor and AI-driven Strain Optimization.
Revolutionary system for cost-effective, large-scale algae growth.
AI tool for customizing algae strains for industrial applications.
Funding Insights of Algenie
Algenie has successfully raised a total of $1.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.1 million completed in September 2024. 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 Algenie
Algenie has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Better Bite Ventures.
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Investing in food, agriculture, and climate tech startups in Asia Pacific.
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Investor details for Algenie
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Investments & Acquisitions by Algenie
Investment portfolio details for Algenie
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Financial Statements - Algenie
Detailed financials for Algenie
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Algenie Comparisons
Peer comparison for Algenie
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Competitors of Algenie
Algenie 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 Newlight Technologies, Tidal Vision, Novomer, Calyxia and Microphyt, among others.
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Provider of sustainable material using methane-based greenhouse gases
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Provider of natural biopolymer materials
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Provider of green plastics and polymers
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Green chemicals are developed using microcapsule technology for sustainability.
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Microalgae cultivation technology is developed and supplied.
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Composite materials are produced from unrecyclable municipal solid waste.
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Detailed competitors of Algenie
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Latest news on Algenie
Complete news archive for Algenie
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Frequently Asked Questions about Algenie
Algenie was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Algenie is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Nick Hazell is the current CEO of Algenie. They have also founded this company.
Algenie is a funded company, having raised a total of $1.1M across 1 funding round to date.
Algenie was founded in 2023 in Sydney, Australia, as a provider of technology focused on algae production. A platform is offered by the company to enable the cultivation of algae, which supports applications in clean energy, bioplastics, and feed supplements. Operations are centered in the biotechnology sector, with services directed toward sustainable production methods in the Australian market.
Algenie's top competitors include Origin Materials, Newlight Technologies and Tidal Vision.
Algenie offers Photobioreactor and AI-driven Strain Optimization.
Algenie has 1 investor. Key investors include Better Bite Ventures.