AlgaHealth
Developing high-impact, high-value ingredients from microalgae
Company Overview
Snapshot
Founded in September 2017 by Oran Ayalon, AlgaHealth operates with 1–10 employees. The company has secured funding across four rounds from four investors, raising a total of $2.98M.
Business overview
AlgaHealth is a biotech company focused on developing high-impact, high-value functional ingredients derived from microalgae. The company utilizes a sustainable and cost-effective process to address challenges in the food industry related to the quantity, quality, and price of functional ingredients. By cultivating highly efficient microalgae strains with high concentrations of functional ingredients, AlgaHealth aims to revolutionize the functional ingredients sector, enabling food manufacturers to integrate proven functional components into their products. The company's products include NutriXanthin and DermaXanthin, serving B2B markets primarily in Israel within the Agriculture & Food Technologies sector.
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- When was AlgaHealth founded?
- AlgaHealth was founded in September 2017 by Oran Ayalon.
- What is AlgaHealth's primary focus?
- AlgaHealth develops high-impact, high-value functional ingredients from microalgae using a sustainable and cost-effective process.
- How much capital has AlgaHealth raised to date?
- AlgaHealth has raised a total of $2.98M across four funding rounds.
- Which organizations have provided grants to AlgaHealth?
- In December 2022, AlgaHealth received a grant from KORIL-RDF. In November 2019, the company also received a grant from EU Horizon 2020.
- Who were the investors in AlgaHealth's March 2020 funding round?
- In March 2020, AlgaHealth received funding from Kibbutz Ein Shemer and HaMashtela.