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Algal Scientific

Description

Developer of algae-based chemicals and related technologies designed to create innovative services to some of society's challenges namely a clean water supply and the conservation of natural resources. The company's algae-based chemicals and related technologies is used for treatment of municipal and industrial wastewater as well as produces algal biomass that is used for biofuels, enabling businesses to get cost-effective and environmentally sound services.

2008

Founded

PRIVATE

Status

11-50

Employees

Later Stage VC

Latest Deal Type

$4M

Latest Deal Amount

$14.7M

Total Amount Raised

Description

Developer of algae-based chemicals and related technologies designed to create innovative services to some of society's challenges namely a clean water supply and the conservation of natural resources. The company's algae-based chemicals and related technologies is used for treatment of municipal and industrial wastewater as well as produces algal biomass that is used for biofuels, enabling businesses to get cost-effective and environmentally sound services.

Website:

www.algalscientific.com

Ownership Status

Privately Held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Environmental Services (B2B)

Other Industries

Biotechnology

Primary Office

14925 Galleon Court Plymouth, MI 48170United States
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Algal Scientific Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Algal Scientific Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Algal Scientific Investors (14)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Accelerate Michigan Innovation CompetitionAccelerator/IncubatorMinority000 0000000 0000
Ann Arbor SPARKAccelerator/IncubatorMinority000 0000000 0000
Envy CapitalVenture CapitalMinority000 0000000 0000
Eversource EnergyCorporationMinority000 0000000 0000
Evonik Venture CapitalCorporate Venture CapitalMinority000 0000000 0000
Accelerate Michigan Innovation Competition Accelerator/Incubator
Ann Arbor SPARK Accelerator/Incubator
Envy Capital Venture Capital
Eversource Energy Corporation
Evonik Venture Capital Corporate Venture Capital

Algal Scientific Executive Team (7)

NameTitleBoard
Seat
Contact
Info
John TuckerChief Executive Officer
James FahrnerChief Financial Officer
Robert Levine Ph.DChief Technology Officer
Geoffrey Horst Ph.DCo-Founder & Chief Scientific Officer
Craig BanotaiHead of Operations
John Tucker Chief Executive Officer
James Fahrner Chief Financial Officer
Robert Levine Ph.D Chief Technology Officer
Geoffrey Horst Ph.D Co-Founder & Chief Scientific Officer
Craig Banotai Head of Operations

Algal Scientific Board Members (9)

NameRepresentingRoleSinceContact
Info
David Abramson JDSelfBoard Member000 0000
James Zhang Ph.DFormation 8Co-Founder, Entrepreneur-in-Residence & General Partner000 0000
Mark Redshaw Ph.DEvonik Venture CapitalInvestment Director000 0000
Michael GruberIndependence Equity ManagementInvestment Partner of the Fund and Member of Investment Committee000 0000
Paul HorstAlgal ScientificExecutive Chairman000 0000
David Abramson JD Board Member Self
James Zhang Ph.D Co-Founder, Entrepreneur-in-Residence & General Partner Formation 8
Mark Redshaw Ph.D Investment Director Evonik Venture Capital
Michael Gruber Investment Partner of the Fund and Member of Investment Committee Independence Equity Management
Paul Horst Executive Chairman Algal Scientific
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