Alginor

Haugesund, Norway Founded: 2014 • Age: 12 yrs
Provider of water management services
Annual revenue - Latest available
Total funding $37.6M 5 rounds
Employees 32 Tracked headcount
Investors 2 Known backers
Products 2 Services tracked
Competitors 8 Brand Intelligence

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
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Alginor Asa
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • 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

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Products & Services of Alginor

Alginor offers a comprehensive portfolio of products and services, including Kelp Ingredients and Nutraceutical Ingredients.

Product name locked
Category locked
Primary

Extracted substances from kelp for pharmaceutical applications

Product name locked
Category locked
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Kelp-derived compounds for nutrition and personal care

People of Alginor

Headcount 10-50
Employee Profiles 7
Board Members and Advisors 6
Employee Profiles
People
Linn Margrethe Bringedal
Process Engineer
People
Ricky Green
Chief Chemist
People
Dr. Swathi Nallan
Product Development Scientist
People
Anna Bentsen
Laboratorieleder

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Board Members and Advisors
people
Bjørn Bugge
Member
people
Gisle Løhre Johansen
Member
people
Thorleif Thormodsen
Chair
people
Hans Sandvold
Member

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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.

Investors in Alginor

Alginor has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Borregaard and European Union.

All
Institutional
Investor Description Founded Year Domain Location
Biochemicals, biomaterials, and bioethanol are developed from plant-based products.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Alginor

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Investments & Acquisitions by Alginor

Investments
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Investment portfolio details for Alginor

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Financial Statements - Alginor

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Detailed financials for Alginor

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Alginor Comparisons

Alginor Primary company
Description
Provider of water management services
Location
Haugesund, Norway
Founded Year
2014
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
32
As of 2022
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Peer comparison for Alginor

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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.

Company Name Domain Founded year HQ Location Description
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Consulting, engineering, program management, and technical services are provided.
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Water supply and sewage systems are managed, operated, and maintained.
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Water management solutions are provided to industrial and municipal clients.
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Water management services are delivered across various regions.
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Water management services are provided from Lausanne, Switzerland.
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Plasma activated water technology is developed for sustainable crop protection.
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Detailed competitors of Alginor

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Latest news on Alginor

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Complete news archive for Alginor

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Frequently Asked Questions about Alginor

Alginor was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Alginor is headquartered in Haugesund, Norway. It is registered at Haugesund, Rogaland, Norway.

Thorleif Thormodsen is the current CEO of Alginor.

Alginor is a funded company, having raised a total of $37.6M across 5 funding rounds to date.

As of Dec 31, 2022, the latest employee count at Alginor is 32.

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.

Alginor's top competitors include Tetra Tech, Seven Seas Water and bNovate Technologies.

Alginor offers Kelp Ingredients and Nutraceutical Ingredients.

Alginor has 2 investors. Key investors include Borregaard, and European Union.

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