Sustainable Omega-3 producer AlgaeCytes (comprising of UK based AlgaeCytes Ltd and its wholly owned subsidiary AlgaeCytes Germany GmbH) has secured EUR5 million in funding from German private equity provider IBG Risikokapitalfonds III GmbH & Co, plus an EUR11 million commitment from the German Federal Ministry for Economic Affairs and Energy’s GRW investment programme.
Sustainable Omega-3 producer AlgaeCytes (comprising of UK based AlgaeCytes Ltd and its wholly owned subsidiary AlgaeCytes Germany GmbH) has secured EUR5 million in funding from German private equity provider IBG Risikokapitalfonds III GmbH & Co, plus an EUR11 million commitment from the German Federal Ministry for Economic Affairs and Energy’s GRW investment programme.
IBG’s funding reflects its single largest investment in a growth project within the German province of Saxony-Anhalt.
AlgaeCytes Limited has to date been funded by venture capital specialists, Deepbridge Capital, via the UK’s Enterprise Investment Scheme, and Kent County Council.
