Tech Company Financing Transactions
Algal Scientific Funding Round
Algal Scientific, operating out of Northville, raised $7 million in investment from Formation 8, Evonik Venture Capital and Independence Equity.
Transaction Overview
Company Name
Announced On
3/31/2015
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Series B
Investors
Proceeds Purpose
With this new funding, Algal Scientific plans to dedicate even more resources to addressing and overcoming the global overuse of antibiotics, specifically of those used in the food supply.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
14925 Galleon Ct.
Northville, MI 48170
USA
Northville, MI 48170
USA
Phone
Website
Email Address
Not Recorded
Overview
Algal Scientific developed Algamune, an algae-derived source of beta-1,3-glucan for use in animals and humans.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Geoff Horst
Chief Financial Officer
James Fahrner
Chief Technical Officer
Robert Levine
VP - Engineering
Randolph Chick
VP - Operations
Craig Banotai
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