Swedish Algae Factory Takes in an Investment of USD 5 Million
Aqua-Spark, a Dutch investment company with a focus on sustainable aquaculture, takes the lead in the round.
(SWEDEN, 3/19/2020)
Swedish Algae Factory takes in an investment of SEK 53 (USD 5 million). The investment will help scale up production so that Swedish Algae Factory can continue to expand and meet the growing demand.
Swedish Algae Factory extracts a unique nanoporous silica material from silica algae, a single cell microscopic type of algae. The material has exceptional light manipulating properties as well as the ability to absorb or release particles depending on the surrounding environment. The material is trademark protected under the name Algica and is of interest to a variety of industries, where it can replace harmful and/or less effective chemical substances. Algica can ...
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