[ad#The Buzz Sponsor Ad]

Fermentalg raises €12 million in financing

October 1, 2013
AlgaeIndustryMagazine.com

Fermentalg logoLibourne, France-based Fermentalg has successfully completed its third round of financing and raised €12 million in funding that will enable it to roll out the production of molecules of interest on an industrial scale. France’s Ecotechnologies Fund contributed €4.6 million to Fermentalg’s capital increase, alongside IRDI and Viveris Management, as well as historic investors Emertec gestion, Demeter Partners, ACE Management (Atalaya), Picoty Algo Carburant and Sofiproteol.

Managed by Bpifrance’s equity investments arm, Bpifrance Investissement, on behalf of the French state, the Ecotechnologies Fund is part of the “Programme d’Investissements d’Avenir” or “Program of Investments for the Future,” entrusted to the Environment and Energy Management Agency, the ADEME. The Ecotechnologies venture capital fund invests from €1 million to €10 million in co-investments with private players, targeting equity capital and quasi-equity capital operations for minority stakes in innovative SMEs that are primarily located in France and are not listed on the markets.

Founded in 2009 by Pierre Calleja, Fermentalg has developed technologies for breeding microalgae used in the industrial production of molecules of interest for a variety of markets, from food and animal feed to specialty chemicals, health, cosmetics and biofuels. The creation in 2011 of Prolealg, a joint venture with Sofiproteol that uses these technologies in the wide-scale production of omega-3 derived from microalgae, represents Fermentalg’s strategy to achieve new market share by drawing on the industrial sector expertise of benchmark players.

“I am extremely honored by the faith of our new and prestigious investors, starting with Bpifrance, as well as by their recognition for this technology and our capacity to rapidly scale up to industrial exploitation. By joining forces, we have the potential to make Fermentalg a leader in the industrial production of microalgae. I would also like to thank our longstanding shareholders who have once again confirmed their confidence in our potential to create value,” said Pierre Calleja, founder, Chairman and Chief Executive Officer of Fermentalg.

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2013 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
Algix, parent company of Solaplast, will be inaugurating their algae-to-plastic facility in Meridian, Mississippi, on November 14, 2014. Solaplast's facility will be focu...
Iran-based Qeshm Microalgae Biorefinery Co. (QMAB) has launched a biofuel being marketed as BAYA®, produced from a species of Nannochloropsis (strain 6016) isolated from ...
Allan Koay writes in thestar.com about a Universiti Malaya research project paving the way for the commercial production of paper pulp and bioethanol from seaweed. The Al...
Developing renewable fuel from wet algae is one of the latest innovations Richland, Washington-based Pacific Northwest National Laboratory (PNNL) has successfully driven ...
Using a malaria parasite protein produced from algae, paired with an immune-boosting cocktail suitable for use in humans, researchers at UC San Diego School of Medicine g...
Don Willmott writes in Huffington Post about Nevada-based Algae Systems, which has built a test plant on Alabama's Mobile Bay to not only turn algae into diesel fuel but ...
As of March 1, 2015, bbi-biotech GmbH, of Berlin, Germany, has begun integrating IGV Biotech GmbH’s photobioreactors into its own life science product portfolio. A former...
Sami Zaatari writes for the Middle East’s Gulf News that Abu Dhabi’s coastal sabkhas – the Arabic phonetic translation for salt flats – hold great potential for solar pow...
Scientists from the J. Craig Venter Institute (JCVI), a not-for-profit genomic research organization in La Jolla, California, have published a paper outlining new synthet...
John O’Renick, in this insightful piece from the Portland (Oregon) Tribune, writes about the problems we create from treating waste streams as garbage to be disposed of i...
Students of algal research, including it's various applications and business models, have increasing opportunities to get quickly up to speed in many aspects of the rapid...
The World Health Organization (WHO) estimates over 200 million people worldwide are exposed to arsenic concentrations in drinking water that exceed the guideline limit of...