About Alginor
Alginor is a company based in Haugesund (Norway) founded in 2014.. Alginor has raised $37.6 million across 5 funding rounds from investors including Borregaard and European Union. The company has 32 employees as of December 31, 2022. Alginor offers products and services including Kelp Ingredients and Nutraceutical Ingredients. Alginor operates in a competitive market with competitors including Tetra Tech, Catarinense Water and Sanitation Compan, Seven Seas Water, Global Omnium and BE WTR, among others.
- Headquarter Haugesund, Norway
- Employees 32 as on 31 Dec, 2022
-
Sectors
Environment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Alginor Asa
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$37.6 M (USD)
in 5 rounds
-
Latest Funding Round
$37.6 M (USD), Seed
Jun 19, 2024
-
Investors
Borregaard
& 1 more
-
Employee Count
32
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Alginor
Alginor offers a comprehensive portfolio of products and services, including Kelp Ingredients and Nutraceutical Ingredients. 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.
Extracted substances from kelp for pharmaceutical applications
Kelp-derived compounds for nutrition and personal care
Unlock access to complete
Unlock access to complete
Funding Insights of Alginor
Alginor has successfully raised a total of $37.6M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $37.6 million completed in June 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $37.6M
-
First Round
First Round
(01 Jan 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Alginor | Valuation | Borregaard |
|
| Oct, 2022 | Amount | Grant - Alginor | Valuation |
investors |
|
| Nov, 2020 | Amount | Grant - Alginor | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alginor
Alginor has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Borregaard and European Union. 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 |
|---|---|---|---|---|
|
Biochemicals, biomaterials, and bioethanol are developed from plant-based products.
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Alginor
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Alginor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alginor Comparisons
Competitors of Alginor
Alginor 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 Tetra Tech, Catarinense Water and Sanitation Compan, Seven Seas Water, Global Omnium and BE WTR, 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 |
Consulting, engineering, program management, and technical services are provided.
|
|
| domain | founded_year | HQ Location |
Water supply and sewage systems are managed, operated, and maintained.
|
|
| domain | founded_year | HQ Location |
Water management solutions are provided to industrial and municipal clients.
|
|
| domain | founded_year | HQ Location |
Water management services are delivered across various regions.
|
|
| domain | founded_year | HQ Location |
Water management services are provided from Lausanne, Switzerland.
|
|
| domain | founded_year | HQ Location |
Plasma activated water technology is developed for sustainable crop protection.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Alginor
Frequently Asked Questions about Alginor
When was Alginor founded?
Alginor was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Alginor located?
Alginor is headquartered in Haugesund, Norway. It is registered at Haugesund, Rogaland, Norway.
Who is the current CEO of Alginor?
Thorleif Thormodsen is the current CEO of Alginor.
Is Alginor a funded company?
Alginor is a funded company, having raised a total of $37.6M across 5 funding rounds to date. The company's 1st funding round was a Grant of $2.63M, raised on Jan 01, 2017.
How many employees does Alginor have?
As of Dec 31, 2022, the latest employee count at Alginor is 32.
What does Alginor do?
Alginor provider of water management services, focusing on environment, waste water management, wastewater management, and managing water resources. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Alginor?
Alginor's top competitors include Tetra Tech, Seven Seas Water and bNovate Technologies.
What products or services does Alginor offer?
Alginor offers Kelp Ingredients and Nutraceutical Ingredients.
Who are Alginor's investors?
Alginor has 2 investors. Key investors include Borregaard, and European Union.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.