# Algo Paint

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/algo-paint

- Industry: Chemicals
- Headquarters: France
- Website: https://www.peinture-algo.fr
- Total disclosed funding: $1M
- Latest round: Seed (Oct 4, 2022)
- Investors on record: 3

## About

Algo Paint is a French company specializing in eco-friendly paints made from natural algae and bio-sourced resins, providing sustainable decorating solutions for both residential and commercial clients.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. As of October 2022, Algo Paint raised EUR 2 million in VENTURE DEBT funding, bringing their total amount raised to EUR 1 million across four deals, with no indication of earlier funding rounds or notable founders' histories.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. The company targets a diverse clientele, including homeowners, interior designers, and contractors, primarily in France, while also serving eco-conscious consumers in other European markets.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 also engages customers through loyalty promotions and consultation services, further enhancing customer relationships and driving repeat business.In October 2022, Algo Paint raised EUR 2 million in VENTURE DEBT funding. The funding is part of a larger EUR 3 million SEED round and will be utilized to develop new eco-friendly paint products and expand their market reach. 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.

## Funding rounds

- Seed, Oct 4, 2022, $1M — Amundi, EDF Group, La Banque Bleue

## Investors

- Amundi (https://capitalatlas.ai/funds/amundi) — Seed
- EDF Group — Seed
- La Banque Bleue — Seed