Algal Scientific Obtains $3,000,000 New Financing Round
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5c2e529f-52a0-4067-bf6f-a09001671088
Date 4/29/2014
Company Name Algal Scientific
Mailing Address 47050 Five Mile Road Northville, MI 48168 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. We design, build, and sell treatment systems incorporating factory assembled modules, then operate them for fees based on pollutant reduction. We are focused on producing clean water first, with biofuels as byproducts
Proceeds Purposes The completion of this funding allows us to begin the commercial scale production and sale of Algamune, the company’s brand of algae-based beta-1,3-glucan, a valuable compound used in poultry, swine, aquaculture and other livestock production, human foods, and nutraceuticals in order to support a healthy immune system.