# MiAlgae

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mialgae

- Industry: Agribusiness
- Headquarters: Edinburgh, UK
- Website: www.mialgae.com
- Total disclosed funding: $22M
- Investors on record: 11

## About

Based in the UK, MiAlgae Ltd specializes in producing sustainable microalgae, offering plant-based alternatives to traditional fish oils. Their innovative solutions address the growing global demand for Omega-3 fatty acids in nutrition.Founded in 2016 in Edinburgh, UK, MiAlgae Ltd focuses on microalgae production tailored for human and animal nutrition. The company has completed a total of 4 deals, with its most recent funding round being a Series A on July 25, 2024, raising GBP 13.805 mn from various investors including Ananke, Ascension, and Scottish Enterprise, bringing the total amount raised to GBP 13.805 mn and a current company valuation of GBP 56.836 mn.MiAlgae specializes in the production of microalgae, which is rich in marine Omega-3 fatty acids, offering a sustainable and plant-based alternative to traditional fish oil sources. Their core product, NaturAlgae®, is derived from a unique process that utilizes nutrient-rich by-products from the whisky industry, enhancing its eco-friendly credentials while addressing the urgent demand for marine Omega-3s in both human and animal nutrition. The firm targets multiple sectors, including aquaculture and pet food, aiming to reduce reliance on overexploited wild fish stocks and meet the growing needs of a rising global population. MiAlgae's products are primarily marketed in Europe, North America, and Asia, catering to a diverse client base that includes feed manufacturers and food companies focused on sustainable sourcing practices. The company’s innovative technology positions it as a key player in the advancement of sustainable biotechnology solutions aimed at revitalizing marine ecosystems.While specific revenue figures for MiAlgae are not disclosed, the company engages in business transactions primarily through B2B partnerships with manufacturers and retailers in the aquaculture and pet food industries. These transactions are built around the supply of NaturAlgae® and potentially other Omega-3 formulations, structured as direct sales agreements or long-term supply contracts. Clients may include feed producers looking to incorporate sustainable Omega-3 solutions into their formulations. The pricing structure reflects the value of high-quality, environmentally-friendly ingredients, aligning with market expectations for premium feed products. As MiAlgae continues to expand its production capabilities, these revenue channels are anticipated to grow, further solidifying its presence in the sustainable biotechnology sector.In July 2024, MiAlgae Ltd raised GBP 13.8 million in Series A funding to expedite commercialization efforts, enhance team capabilities through strategic hires, and establish a new facility in Scotland. The company aims to design and launch new products while expanding into key markets, with a focus on Europe, North America, and Asia. The recent funding will provide the necessary resources to support these initiatives, aligning with their growth strategy in the sustainable biotechnology sector.

## Funding rounds

- Round, Oct 15, 2026, $3.3M — Scotland's National Investment Bank
- Series A, Jul 25, 2024, $18M — Old College Capital, Equity Gap, Clay Capital, Rabo Investments, Ascension, SIS Ventures, Scottish Enterprise, SWEN BLUE OCEAN, Ananke
- Seed, Nov 5, 2019, $1.3M — Hillhouse Investment, Old College Capital, Equity Gap, Scottish Enterprise

## Investors

- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Seed
- Old College Capital (https://capitalatlas.ai/funds/old-college-capital) — Seed, Series A
- Equity Gap (https://capitalatlas.ai/funds/equity-gap) — Seed, Series A
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Seed, Series A
- Clay Capital (https://capitalatlas.ai/funds/clay-capital) — Series A
- Rabo Investments (https://capitalatlas.ai/funds/rabo-investments) — Series A
- Ascension (https://capitalatlas.ai/funds/ascension) — Series A
- SIS Ventures (https://capitalatlas.ai/funds/sis-ventures) — Series A
- SWEN BLUE OCEAN — Series A
- Ananke (https://capitalatlas.ai/funds/ananke) — Series A
- Scotland's National Investment Bank