Biomarine Company Algaia Raises €4M in Equity Funding

Algaia, S.A., a Paris, France-based biomarine company, raised €4M in equity funding.

Main shareholder Maabarot Products made the equity investment.

The company intends to use the funds for further expansion of its production facility and innovation center located in Saint-Lo (Normandy-France).

Led by Fabrice Bohin, CEO, Algaia works with local fishermen to harvest brown algae just a few kilometres from its plant in Brittany, France, to ensure a constant fresh local supply of seaweed biomass.
The new production unit will expand the company’s portfolio beyond traditional seaweed extracts, adding functional liquid products for Ag-tech market.

Algaia is ISO 9001 and FSSC 22000-certified, its product lines are kosher and halal certified.



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