About Algreen
Algreen is a company based in London (United Kingdom) founded in 2020 by Zhixuan Wang.. The company has 4 employees as of January 31, 2022. Algreen offers products and services including Fabric Glue, Apparel Coating, Shoes Foam, Vegan Leather, and Sequins. Algreen operates in a competitive market with competitors including Ecovative, Saperatec, Pluumo, ECGO and LVF Packaging, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 31 Jan, 2022
- Founders Zhixuan Wang
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Sectors
EnvironmentIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Algreen Ltd
- Date of Incorporation 11 Aug, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
MassChallenge
& 1 more
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Employee Count
4
as on Jan 31, 2022
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Products & Services of Algreen
Algreen offers a comprehensive portfolio of products and services, including Fabric Glue, Apparel Coating, Shoes Foam, Vegan Leather, and Sequins. 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.
Biobased glue for fashion applications to replace plastics.
Coating made from biobased polyurethane for eco-friendly clothing.
Foam alternative using biobased materials for footwear production.
Leather substitute from biobased sources for fashion and automotive.
Biodegradable sequins for decorative use in apparel.
Funding Insights of Algreen
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Grant - Algreen | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - Algreen | Valuation |
investors |
| 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 Algreen
Algreen has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include MassChallenge and Village Capital. 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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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Founded Year | Domain | Location | |
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Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital.
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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 Algreen
| 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 - Algreen
| 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 |
Algreen Comparisons
Competitors of Algreen
Algreen 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 Ecovative, Saperatec, Pluumo, ECGO and LVF Packaging, 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 |
Sustainable biodegradable materials are developed using mycelium technology.
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| domain | founded_year | HQ Location |
Developer of technology for separating and recovering materials from composite structures
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| domain | founded_year | HQ Location |
Platform offering insulated packing material
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| domain | founded_year | HQ Location |
Developer of an application providing recycling guidelines and disposal rewards
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| domain | founded_year | HQ Location |
Designs and manufactures high-quality thermoformed packaging for various industries including food and pharmaceuticals.
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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 Algreen
When was Algreen founded?
Algreen was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Algreen located?
Algreen is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Algreen?
Zhixuan Wang is the current CEO of Algreen. They have also founded this company.
How many employees does Algreen have?
As of Jan 31, 2022, the latest employee count at Algreen is 4.
What does Algreen do?
Developer of biobased polyurethane alternatives for various industries. It develops and commercializes sustainable polyurethane (PU) replacements using biobased materials and technologies like biotechnology, chemistry, and material science. These alternatives target applications in cosmetics, fashion, packaging, automotive, and medical markets, offering a more environmentally friendly option to traditional petroleum-based PUs. The company focuses on creating fully biodegradable fashion items from sustainable algae, including fabric glue, apparel coatings, shoe foam, vegan leather, and sequins.
Who are the top competitors of Algreen?
What products or services does Algreen offer?
Algreen offers Fabric Glue, Apparel Coating, Shoes Foam, Vegan Leather, and Sequins.
Who are Algreen's investors?
Algreen has 2 investors. Key investors include MassChallenge, and Village Capital.