Subitec Raises €4.5M in Second Financing
Subitec GmbH, a Stuttgart, Germany.-based manufacturer of fully automated algae photobioreactors, has completed a €4.5M second financing.
The company intends to use the funding to launch bioreactors on the international market and to continue to invest in R&D.
Founded in 2000 as a spin-off of the Fraunhofer Institute for Interfacial Engineering and Biotechnology IGB and led by Dr Peter Ripplinger, Managing Director, Subitec has developed a photobioreactor that enables efficient production of algae biomass on an industrial scale. The company offers the flat panel airlift reactor (FPA), which fulfils the preconditions for commercial mass production of microalgae and ensures that all algal cells are optimally supplied with light. The types of algae employed are Chlorella vulgaris, Isochrysisaff. galbana (clone T. iso), Haematococcuspluvialis and Phaeodactylumtricornutum.