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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $97,340
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First Round
First Round
(04 Dec 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Grant - Algenol | Valuation |
investors |
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| Feb, 2015 | Amount | Series A - Algenol | Valuation | Grupo Alego |
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| Jun, 2014 | Amount | Series A - Algenol | Valuation | Grupo Alego |
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| 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 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. 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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Leadership is provided on agriculture, food, and rural development matters.
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Founded Year | Domain | Location | |
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Corporate entity offering business units and sustainability services in Mexico.
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Founded Year | Domain | Location | |
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Energy sources and policies are managed by the DOE.
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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 Algenol
Algenol has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cyano Biofuels. 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
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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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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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Online mobile top-up services for major carriers are provided remotely.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 |
Financial Statements - Algenol
| 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 |
Algenol Comparisons
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. 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 |
Provider of plant-based food ingredients
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| domain | founded_year | HQ Location |
Producer and supplier of plant-based protein ingredients
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| domain | founded_year | HQ Location |
Bioactive compounds from algal strain
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| domain | founded_year | HQ Location |
Processing chickpea to derive alternative protein ingredients for the food industry
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| domain | founded_year | HQ Location |
Algae-based specialty ingredients are manufactured and supplied for food applications.
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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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Frequently Asked Questions about Algenol
When was Algenol founded?
Algenol was founded in 2006 and raised its 1st funding round 3 years after it was founded.
Where is Algenol located?
Algenol is headquartered in Fort Myers, United States. It is registered at Fort Myers, Florida, United States.
Is Algenol a funded company?
Algenol is a funded company, having raised a total of $65M across 5 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on Dec 04, 2009.
How many employees does Algenol have?
As of Dec 31, 2022, the latest employee count at Algenol is 21.
What does Algenol do?
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.
Who are the top competitors of Algenol?
Algenol's top competitors include Benson Hill, Plantible Foods and Zivo Bioscience.
What products or services does Algenol offer?
Algenol offers Personal Care Ingredients, Food Products, and Industrial Products.
How many acquisitions has Algenol made?
Algenol has made 1 acquisition, including Cyano Biofuels.
Who are Algenol's investors?
Algenol has 4 investors. Key investors include United States Department of Agriculture, DOE, Grupo Alego, and OSTI.GOV.