About Algenol
Algenol is a company based in Fort Myers (United States) founded in 2006 by Alejandro Gonzalez. Algenol has raised $65 million across 5 funding rounds from investors including United States Department of Agriculture, DOE and Grupo Alego. The company has 21 employees as of December 31, 2022. Algenol has completed 1 acquisition, including Cyano Biofuels. Algenol offers products and services including Personal Care Ingredients, Food Products, and Industrial Products. Algenol operates in a competitive market with competitors including Benson Hill, Plantible Foods, Zivo Bioscience, Nutriati and TerraVia, among others.
- Headquarter Fort Myers, United States
- Employees 21 as on 31 Dec, 2022
- Founders Alejandro Gonzalez
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Sectors
ConsumerAgriculture
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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
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Total Equity Funding
$65 M (USD)
in 5 rounds
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Latest Funding Round
$97.34 K (USD), Grant
Aug 15, 2019
- Investors
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Employee Count
21
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Algenol
Algenol offers a comprehensive portfolio of products and services, including Personal Care Ingredients, Food Products, and Industrial Products.
Algae-based ingredients for natural personal care applications
Protein and natural colorants derived from algae for food use
Algae-derived materials for various industrial applications
Funding Insights of Algenol
Algenol has successfully raised a total of $65M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $97.34 thousand completed in August 2019. 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 Algenol
Algenol has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include United States Department of Agriculture, DOE and Grupo Alego.
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Leadership is provided on agriculture, food, and rural development matters.
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Corporate entity offering business units and sustainability services in Mexico.
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Energy sources and policies are managed by the DOE.
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Investor details for Algenol
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Investments & Acquisitions by Algenol
Algenol has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cyano Biofuels.
Investment portfolio details for Algenol
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Online mobile top-up services for major carriers are provided remotely.
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Complete acquisition details for Algenol
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Financial Statements - Algenol
Detailed financials for Algenol
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Algenol Comparisons
Peer comparison for Algenol
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Competitors of Algenol
Algenol 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 Benson Hill, Plantible Foods, Zivo Bioscience, Nutriati and TerraVia, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of plant-based food ingredients
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Producer and supplier of plant-based protein ingredients
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Bioactive compounds from algal strain
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Processing chickpea to derive alternative protein ingredients for the food industry
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Algae-based specialty ingredients are manufactured and supplied for food applications.
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Detailed competitors of Algenol
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Latest news on Algenol
Complete news archive for Algenol
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Frequently Asked Questions about Algenol
Algenol was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Algenol is headquartered in Fort Myers, United States. It is registered at Fort Myers, Florida, United States.
Algenol is a funded company, having raised a total of $65M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Algenol is 21.
Algenol was established in 2006 in Fort Myers, United States, within the industrial biotechnology sector. Patented algae platforms are commercialized for ethanol generation through a process involving proprietary algae, sunlight, carbon dioxide, and saltwater. Operations include a two-step approach where ethanol is derived directly from algae, and residual biomass is transformed into gasoline, biodiesel, and jet fuel. Global commercialization efforts are focused on sustainable fuel production.
Algenol's top competitors include Benson Hill, Plantible Foods and Zivo Bioscience.
Algenol offers Personal Care Ingredients, Food Products, and Industrial Products.
Algenol has made 1 acquisition, including Cyano Biofuels.
Algenol has 4 investors. Key investors include United States Department of Agriculture, DOE, Grupo Alego, and OSTI.GOV.