Company Overview
Snapshot
Founded in May 2018 by Tomer Peled and Avi Peled, Puremagics operates with 1–10 employees. The company has completed one funding round to date, securing seed funding in January 2019.
Business overview
Puremagics is a biotechnology company focused on developing solutions using algae. The company specializes in the research, development, cultivation, and production of natural astaxanthin, a potent antioxidant. Puremagics aims to produce high-quality raw material and develop natural products based on astaxanthin for diverse applications, serving markets within the agriculture and food technologies sector, particularly in areas like supplements, foodtech, and cosmetics.
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- What is Puremagics' primary focus?
- Puremagics is a biotechnology company that develops solutions using algae, specializing in the research, cultivation, and production of natural astaxanthin.
- When was Puremagics founded?
- Puremagics was founded in May 2018 by co-founders Tomer Peled and Avi Peled.
- What type of products does Puremagics develop?
- Puremagics specializes in producing pure, high-quality raw material and developing natural products based on astaxanthin for a wide range of applications, including supplements, foodtech, and cosmetics.
- Which markets does Puremagics target?
- Puremagics operates globally, targeting markets within the agriculture and food technologies sector, with applications in areas such as nutrition, cosmetics, and for athletes.
- What was Puremagics' most recent funding event?
- Puremagics secured seed funding in January 2019.