Algal Scientific Receives $7,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d737479a-db5e-47ad-952b-8cd51eced9b2
Date
3/31/2015
Company Name
Algal Scientific
Mailing Address
14925 Galleon Court Northville, MI 48170 USA
Company Description
Algal Scientific’s proprietary technology provides advanced treatment for municipal and industrial wastewater, while producing high amounts of algal biomass that can be used for biofuels.
Website
http://www.algalscientific.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Series B
Proceeds Purposes
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.
M&A Terms
Venture Investor
Venture Investor
Venture Investor