Fundraising FoxAlgenesis
San Diego, US · Delaware corporation · 10 known investors
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Algenesis Labs develops plant-based, biodegradable polyurethanes and polymers designed to replace petroleum-based materials while retaining durability. Its two chemical systems target manufacturers seeking non-toxic, compostable alternatives for their products.
Founders & leadership
Board
Investors · 10
How we know: Circulate Capital's portfolio page · funding news · prnewswire.com · Not right? Tell us
How we know: Family Angel Management Fund's portfolio page · Not right? Tell us
How we know: First Bight Ventures's portfolio page · funding news · prnewswire.com · Not right? Tell us
Also in the syndicate · 3
Funding
SEC filings, press & company announcements$16.2M disclosed across 5 rounds · 2021–2024
- $5MSeed roundOct 2023 · 3 sources
Circulate Capital (lead), First Bight Ventures (lead), Diamond Sports Group, MIH Capital, RhinoShield
Source ↗
▶$3MraisedOct 2024 · 22 investors · Other TechnologyRule 506(b)
- Wolfgang HafenmayerDirector
- Nicholas SandlandExecutive Officer, Director
- Veronica WuDirector
- Daniel RosenDirector
- Stephen MayfieldExecutive Officer, Director, Promoter
- Daniel DearenDirector
- Offering amount
- $3M
- Amount sold
- $3M
- First sale
- Oct 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$5MraisedDec 2023 · 25 investors · Other TechnologyRule 506(b)
- Thomas CookeExecutive Officer, Director
- Daniel DearenDirector
- Peter MorganExecutive Officer, Promoter
- Nancy DynanDirector
- Robert PomeroyPromoter
- Stephen MayfieldExecutive Officer, Director, Promoter
- Michael BurkartPromoter
- Daniel RosenDirector
- Offering amount
- $5M
- Amount sold
- $5M
- First sale
- Apr 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$847.1KraisedJul 2022 · 25 investors · Other TechnologyRule 506(b)
- Michael BurkartPromoter
- Daniel DearenDirector
- Nancy DynanDirector
- Robert PomeroyPromoter
- Daniel RosenDirector
- Stephen MayfieldExecutive Officer, Director, Promoter
- Thomas CookeExecutive Officer, Director
- Peter MorganExecutive Officer, Promoter
- Offering amount
- $2M
- Amount sold
- $847.1K
- First sale
- May 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$2.4MraisedApr 2021 · 48 investors · Other TechnologyRule 506(b)
- Peter MorganExecutive Officer, Promoter
- Robert PomeroyPromoter
- Stephen MayfieldExecutive Officer, Director, Promoter
- Thomas CookeExecutive Officer, Director
- Daniel RosenDirector
- Daniel DearenDirector
- Michael BurkartPromoter
- Offering amount
- $2.5M
- Amount sold
- $2.4M
- First sale
- Mar 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 1
Companies working in the same space as Algenesis.
Non-dilutive funding · 6 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Department of Energy | Phase II | 2023 | $1.1M |
| Department of Energy | Phase I | 2022 | $200K |
| Department of Energy | Phase II | 2020 | $1.1M |
| National Science Foundation | Phase II | 2019 | $748.5K |
| Department of Energy | Phase I | 2019 | $199.9K |
| National Science Foundation | Phase I | 2018 | $225K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does Algenesis do?
- Algenesis Labs develops plant-based, biodegradable polyurethanes and polymers designed to replace petroleum-based materials while retaining durability. Its two chemical systems target manufacturers seeking non-toxic, compostable alternatives for their products.
- Who founded Algenesis?
- Algenesis was founded by Dr. Stephen Mayfield, Dr. Robert Pomeroy, Dr. Michael Burkart.
- Who are Algenesis's investors?
- Algenesis's investors include Band of Angels, Circulate Capital, E8 Angels, Family Angel Management Fund, First Bight Ventures, Meliorate, Swan Venture Fund.
- How much funding has Algenesis raised?
- Algenesis has disclosed $16.2M raised across 5 rounds.
- Where is Algenesis headquartered?
- Algenesis is headquartered in San Diego, US.