Fermentalg Raises €5.3M in Second Funding Round
Published On January 24, 2011 |
Fermentalg, a Libourne, France-based biotech start up that focuses on developing and producing microalgae for the agrifood, healthcare and energy markets, has raised €5.3m in its second round of funding.
Investors include Emertec Gestion, Demeter Partners and ACE Management.
Founded by President Pierre Calleja, Fermentalg specializes in the production of micro-algae by transforming waste products into sugar that serves as energy and without light.
This company intends to use the funds to increase its research capabilities and accelerate the industrialization of its strains of microalgae.