Algenesis
7 known investors
Find your way into Algenesis
Algenesis develops plant-based, biodegradable polyurethanes intended to replace petroleum-based materials across manufacturing applications. The company offers two chemical systems positioned as durable, non-toxic alternatives that avoid microplastics and support material circularity.
Investors · 7
Band of AngelsSilicon Valley
Swan Venture FundSeattle · $200K – $1.2M
Circulate Capitalreported · 2 sourcesSingapore
First Bight Venturesreported · 2 sourcesHouston · $1M – $2M
Also in the syndicate · 3
Diamond Sports GroupMIH CapitalRhinoShield
Funding
SEC filings, press & company announcements$5M disclosed across 1 round · 2023
- $5MSeed roundOct 2023 · 3 sources
Circulate Capital (lead), First Bight Ventures (lead), Diamond Sports Group, MIH Capital, RhinoShield
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
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 develops plant-based, biodegradable polyurethanes intended to replace petroleum-based materials across manufacturing applications. The company offers two chemical systems positioned as durable, non-toxic alternatives that avoid microplastics and support material circularity.
- Who are Algenesis's investors?
- Algenesis's investors include Band of Angels, Swan Venture Fund, Circulate Capital, First Bight Ventures.
- How much funding has Algenesis raised?
- Algenesis has disclosed $5M raised across 1 round.