# Industrial Phycology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/industrial-phycology

- Industry: Environmental Services
- Headquarters: Bristol, UK
- Website: www.i-phyc.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Sep 2, 2019)
- Investors on record: 2

## About

Industrial Phycology Limited (I-Phyc) focuses on innovative microalgae technology to provide sustainable wastewater treatment solutions, emphasizing eco-friendly processes that enhance nutrient removal and carbon capture in water recycling.Founded in 2013 and headquartered in Bristol, UK, Industrial Phycology Limited specializes in nature-based solutions for wastewater treatment. The company has secured a series of funding rounds, the most recent being a venture funding round in February 2023 where it raised GBP 2.320 mn from investors including Mellby Gård AB and Mercia Asset Management. Over its operational history, I-Phyc has completed a total of four deals. CEO Simon Gretton-Watson leads the firm, which has not undergone notable business strategy changes since its inception.Industrial Phycology Ltd, or I-Phyc, specializes in nature-based solutions for wastewater treatment using innovative microalgae technology. The company offers a sustainable water recycling process that effectively removes nutrients such as phosphorus and ammonia, along with other contaminants, from municipal wastewater without chemicals. This biological treatment approach purifies wastewater, sequesters carbon, and generates sustainable products, helping clients meet regulatory requirements and improve their environmental impact. I-Phyc caters to municipal water treatment facilities and industries across Europe and North America, where demand for sustainable wastewater solutions is growing.I-Phyc generates revenue through partnerships and direct service agreements with clients in the wastewater management sector. Revenue comes from the implementation and maintenance of I-Phyc's microalgae-based systems at client sites, structured through both upfront fees and ongoing service charges. The company's flagship product emphasizes nutrient removal and carbon capture, aligning with the industry's growing focus on sustainability while offering clients operational cost savings through reduced chemical usage.In February 2023, Industrial Phycology Limited raised GBP 2.320 mn in venture funding from new investor Growthdeck. The company plans to leverage this funding to enhance its product offerings and pursue expansion into additional markets, specifically targeting regions in Europe and North America where the demand for sustainable wastewater solutions continues to rise. Upcoming product developments are expected to focus on further optimizing their microalgae technology, aiming for release later this year.

## Funding rounds

- Seed, Sep 2, 2019, $0.8M — Mercia Fund Management, Parkwalk Advisors

## Investors

- Mercia Fund Management — Seed
- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Seed