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Algal Scientific

Description

Developer of algae-based chemicals and technologies designed to create innovative services for clean water supply and conservation of natural resources. The company's algae-based chemicals and technologies are used for the 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

Conv. Debt

Latest Deal Type

$4M

Latest Deal Amount

$14.7M

Total Amount Raised

Description

Developer of algae-based chemicals and technologies designed to create innovative services for clean water supply and conservation of natural resources. The company's algae-based chemicals and technologies are used for the 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

Industrial Chemicals

Other Industries

Environmental Services (B2B)
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 (6)

    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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