About Algenol
Algenol is a Consumer company based in Fort Myers (United States) founded in 2006 by Alejandro Gonzalez. Ethanol is produced directly from algae biomass using patented technology. It operates in the Consumer and Agriculture sectors. 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. Algenol has completed 1 acquisition, including Cyano Biofuels. Algenol offers products and services including Personal Care Ingredients, Food Products, and Industrial Products. Its focus areas include Food and Agriculture Tech, Aquaculture Tech, Aquatic Plants and Algae. Its competitors include Benson Hill, Plantible Foods and Zivo Bioscience; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Fort Myers, United States
- Employees 21
- Founders Alejandro Gonzalez
- SectorsConsumerAgriculture
- Website algenol.com
- Social LinkedIn X Facebook
- Total Equity Funding$65M (USD)
in 5 rounds
- Latest Funding Round$97.34K (USD), Grant
Aug 2019
- Investors
- Employee Count21
- Investments & Acquisitions
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.
- Total Funding $65M
- Total Rounds 5
- Last Round Grant — $97,340
- First Round $25M
(Dec 2009)
- Investors Count 4
All 5 funding rounds of Algenol with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $97,340 | Grant | – | – | |
| Feb 2015 | $25M | Series A | – | Grupo Alego | – |
| Jun 2014 | $40M | Series A | – | Grupo Alego | – |
| Jan 2010 | $24.33M | Grant | – | – | |
| Dec 2009 | $25M | Grant | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Leadership is provided on agriculture, food, and rural development matters. | 1862 | usda.gov | ||
Corporate entity offering business units and sustainability services in Mexico. | 2018 | grupoalego.com | Mexico City, Mexico | |
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States |
Investor details for Algenol
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People of Algenol
1 people are tracked at Algenol (1 in leadership); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Alejandro Gonzalez | Founder & President | Leadership |
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online mobile top-up services for major carriers are provided remotely. | cyano-biofuels.com | Berlin, Germany | 2007 | Mar 2011 | •••• |
Complete acquisition details for Algenol
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Timeline of Algenol
4 dated milestones of Algenol across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Algenol is founded.
- Funding First funding round of $25.0M.
- Acquisition Acquires Cyano Biofuels.
- Funding Latest funding round, Grant, of $97K.
Competitors of Algenol
Algenol has 3 listed competitors in our database, 3 of them funded. They include Benson Hill, Plantible Foods and Zivo Bioscience.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bensonhill.com | 2012 | St. Louis, United States | $406.99M | 151 | Provider of plant-based food ingredients | |
| plantiblefoods.com | 2016 | San Marcos, United States | $56.6M | 25 | Producer and supplier of plant-based protein ingredients | |
| zivobioscience.com | 1983 | Keego Harbor, United States | $962,000 | 10 | Bioactive compounds from algal strain |
Detailed competitors of Algenol
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Web traffic of Algenol
Websites that share an audience with Algenol (algenol.com).
Websites whose visitors overlap most with Algenol. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
algenolbiofuels.com | algenolbiofuels.com | 100% | – | ||
| altrabiofuels.com | 77% | View details | |||
| mascoma.com | 77% | View details | |||
| ethanolrfa.org | 76% | 35.8K | #929,128 | View details | |
| ethanolproducer.com | 76% | 29.6K | #885,613 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Algenol
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- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Food Processing
3 companies that operate in the same segment as Algenol (Food Processing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Internet first brand offering refrigerated pet food | 2006 | Secaucus, New Jersey, United States | USD 54 M | USD 1.1 B | 1,300 | |
Coffee, tea, and extract beverage solutions are provided globally. | 2009 | North Little Rock, Arkansas, United States | USD 17 M | USD 1.19 B | 1,410 | |
Multi-category food products are produced and distributed globally. | 1866 | Minneapolis, Minnesota, United States | USD 18.42 B | 33,000 |
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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. The company's 1st funding round was a Grant of $25M, raised on Dec 2009.
Algenol has 21 employees.
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.