Algo Paint
Latest round
- Seed
Last raised
- Oct 2022
Total raised
- $1M
Investors
- 3
About Algo Paint
Founded in 2015 in France, Algo Paint produces sustainable paint products derived from algae. The company has undergone no significant pivots and operates without any known parent or subsidiary relationships.Algo Paint specializes in eco-friendly paints formulated from 100% natural algae and bio-sourced resins. Their primary product offerings include interior paints, undercoats, and paints for furniture, all designed to provide high coverage and aesthetic appeal while ensuring a healthier indoor air quality. These products address the growing consumer demand for sustainable and environmentally responsible decorating solutions. Algo Paint emphasizes its commitment to local sourcing by utilizing Breton algae harvested within a two-hour radius of their production facility, thereby supporting regional economies and promoting sustainability.Algo Paint generates revenue through direct sales to consumers, partnerships with retailers, and potentially B2B transactions with contractors and design professionals. The pricing structure for their products includes individual paint cans sold directly through their website, alongside promotional offerings such as sample kits that allow customers to test colors before commitment. Specific revenue streams are derived from flagship products, including their algae-based interior paints and undercoats, which are marketed at competitive prices reflective of their eco-friendly attributes. The company aims to introduce additional product lines to enhance their offerings, with launches anticipated in late 2023, while also targeting expansion into other European markets by 2024.
Who invested in Algo Paint
3 investors across 1 round
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Funding rounds
Seed
Oct 4, 2022
Amount
$1M
Investors
Questions about Algo Paint
Who invested in Algo Paint?
Algo Paint has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Algo Paint raised?
Algo Paint has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Algo Paint last raise money?
Algo Paint's most recent round on record is a Seed, in Oct 2022.
What does Algo Paint do?
Founded in 2015 in France, Algo Paint produces sustainable paint products derived from algae.
Where is Algo Paint headquartered?
Algo Paint is headquartered in France.
Which VCs invest in companies like Algo Paint?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back chemicals companies at Algo Paint's stage. Their profiles are linked below.
VCs backing chemicals startups at Seed
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