About Simris Alg
Simris Alg is a company based in Hammenhog (Sweden) founded in 2009.. Simris Alg has raised $7.79 million across 6 funding rounds from investors including Vinnova. Simris Alg has completed 1 acquisition, including Cyano Biotech. Simris Alg offers products and services including Microalgae Ingredients and Novel Foods. Simris Alg operates in a competitive market with competitors including Microphyt, Fermentalg, TerraVia, Algaia and Zivo Bioscience, among others.
- Headquarter Hammenhog, Sweden
- Stage Public
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Sectors
Agriculture
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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 Simris Group Ab Class B
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Annual Revenue
$262.02 K (USD)-33.62as on Dec 31, 2024
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Net Profit
$-3.14 M (USD)7.24as on Dec 31, 2024
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EBITDA
$-1.62 M (USD)22.91as on Dec 31, 2024
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Total Equity Funding
$7.79 M (USD)
in 6 rounds
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Latest Funding Round
$3.11 M (USD), Series A
Oct 26, 2015
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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IPO & Listings of Simris Alg
Simris Alg is a publicly listed company on the OMXSTO with ticker symbol SIMRIS_B in Sweden, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Simris Alg
Simris Alg offers a comprehensive portfolio of products and services, including Microalgae Ingredients and Novel Foods. 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 alternatives to fish-based raw materials for various applications
Biologically active substances from microalgae for eco-friendly consumption
Funding Insights of Simris Alg
Simris Alg has successfully raised a total of $7.79M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3.11 million completed in October 2015. 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 6
- Last Round Series A — $3.1M
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First Round
First Round
(01 Jun 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series A - Simris Alg | Valuation |
investors |
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| Jan, 2015 | Amount | Series A - Simris Alg | Valuation |
investors |
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| Mar, 2014 | Amount | Series A - Simris Alg | 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 Simris Alg
Simris Alg has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Vinnova. 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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Venture capital funding is provided to Swedish companies across sectors.
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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 Simris Alg
Simris Alg has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cyano Biotech. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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German biotech developing therapeutic drugs and other applications from cyanobacteria.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Simris Alg
| 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 |
Simris Alg Comparisons
Competitors of Simris Alg
Simris Alg 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 Microphyt, Fermentalg, TerraVia, Algaia and Zivo Bioscience, 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 |
Microalgae cultivation technology is developed and supplied.
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| domain | founded_year | HQ Location |
Microalgae are processed via fermentors to yield biomass feedstock.
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| domain | founded_year | HQ Location |
Algae-based specialty ingredients are manufactured and supplied for food applications.
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| domain | founded_year | HQ Location |
Seaweed-based biological solutions for agriculture and beyond are developed.
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| domain | founded_year | HQ Location |
Bioactive compounds from algal strain
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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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Latest news on Simris Alg
Frequently Asked Questions about Simris Alg
When was Simris Alg founded?
Simris Alg was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Simris Alg located?
Simris Alg is headquartered in Hammenhog, Sweden. It is registered at Hammenhog, Skane County, Sweden.
Is Simris Alg a funded company?
Simris Alg is a funded company, having raised a total of $7.79M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.88M, raised on Jun 01, 2012.
What is the annual revenue of Simris Alg?
Annual revenue of Simris Alg is $262.02K as on Dec 31, 2024.
What does Simris Alg do?
Simris Alg was founded in 2009 in Hammenhog, Sweden, focusing on the aquaculture sector. Algae are grown in a 2000 sq m greenhouse using 5cm glass tubes or photobioreactors for improved light exposure. Harvested algae are processed into natural oils containing EPA and DHA, with a consumer brand for related products also developed. Expansion to another greenhouse facility was planned for January 2016.
Who are the top competitors of Simris Alg?
Simris Alg's top competitors include Fermentalg, Microphyt and Provectus Algae.
What products or services does Simris Alg offer?
Simris Alg offers Microalgae Ingredients and Novel Foods.
Is Simris Alg publicly traded?
Yes, Simris Alg is publicly traded on OMXSTO under the ticker symbol SIMRIS_B.
How many acquisitions has Simris Alg made?
Simris Alg has made 1 acquisition, including Cyano Biotech.
Who are Simris Alg's investors?
Simris Alg has 1 investor. Key investors include Vinnova.
What is Simris Alg's ticker symbol?
The ticker symbol of Simris Alg is SIMRIS_B on OMXSTO.
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