About Algisys
Algisys is a company based in Cleveland (United States) founded in 2009.. Algisys has raised $8.85 million across 5 funding rounds from investors including National Science Foundation. Algisys offers products and services including Algal EPA Omega-3 Oils and High Protein Vegan Biomass. Algisys operates in a competitive market with competitors including Benson Hill, Plantible Foods, Zivo Bioscience, Nutriati and iwi, among others.
- Headquarter Cleveland, United States
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Sectors
HealthcareConsumer Agriculture
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Phone
*********
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Website
*********
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Social
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- Legal Name Algisys, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.85 M (USD)
in 5 rounds
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Latest Funding Round
$6.15 M (USD), Series A
Aug 14, 2013
- Investors
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Employee Count
Employee Count
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Products & Services of Algisys
Algisys offers a comprehensive portfolio of products and services, including Algal EPA Omega-3 Oils and High Protein Vegan Biomass. 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.
Sustainable omega-3 fatty acids from microalgae for health benefits.
Vegan protein source derived from proprietary microalgae strains.
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Funding Insights of Algisys
Algisys has successfully raised a total of $8.85M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $6.15 million completed in August 2013. 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 Series A — $6.2M
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First Round
First Round
(31 Mar 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Series A - Algisys | Valuation |
investors |
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| Jan, 2012 | Amount | Series A - Algisys | Valuation |
investors |
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| Apr, 2011 | Amount | Angel Round - Algisys | Valuation |
investors |
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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 Algisys
Algisys has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include National Science Foundation. 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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A government-backed foundation providing seed-stage investments to support small businesses.
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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 Algisys
| 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 |
Financial Statements - Algisys
| 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 |
Algisys Comparisons
Competitors of Algisys
Algisys 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 iwi, 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 |
Manufacturer of algae-based nutritional products
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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 |
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| 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 Algisys
When was Algisys founded?
Algisys was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Algisys located?
Algisys is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Is Algisys a funded company?
Algisys is a funded company, having raised a total of $8.85M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $200K, raised on Mar 31, 2010.
What does Algisys do?
Founded in 2009 and based in Cleveland, United States, operations focus on algal biotechnology for nutrition. A proprietary fermentation process is employed to generate EPA omega-3 oils and vegan protein, utilizing scalable industrial equipment. These products target sectors such as supplements, human and animal nutrition, pharmaceuticals, food and beverage, and cosmetics, providing an alternative to traditional fish-derived sources.
Who are the top competitors of Algisys?
Algisys's top competitors include Benson Hill, Plantible Foods and Zivo Bioscience.
What products or services does Algisys offer?
Algisys offers Algal EPA Omega-3 Oils and High Protein Vegan Biomass.
Who are Algisys's investors?
Algisys has 1 investor. Key investors include National Science Foundation.