# MicroAlgaeX AS

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

- Industry: Biotechnology
- Headquarters: Istanbul, Turkey
- Website: www.microalgaex.com
- Total disclosed funding: $47M
- Latest round: Series B (May 7, 2024)
- Investors on record: 1

## About

Based in Istanbul, Turkey, and founded by Giuliano Regonesi (CEO) in 2022, MicroAlgaex AS operates as an ecological and sustainable solutions and application provider for the fuel, transport, food, cosmetics, pharmaceuticals, and air quality sectors. In May 2024, the firm raised USD 47 million in series B funding led by investor Happiness Capital. The firm as of June 2024, has offices in Turkey, Italy, Dubai, Switzerland, and Costa Rica.

The biotechnology company leverages the potential of microalgae for a range of high-value applications across multiple industries. MicroAlgaeX has developed several innovative products including microalgae-based biofuels, fertilizers, cosmetics, supplements, and air filters. The company's signature product, Liquid Tree®, utilizes microalgae to capture CO2 and produce oxygen, enhancing air quality in both indoor and outdoor urban environments. Additionally, the CTRX system is an industrial solution for carbon capture and storage, boasting a removal efficiency of 87%-89%.

The company plans to utilize the May 2024 funding to expand its Liquid Tree offering to the Chinese markets.

## Funding rounds

- Series B, May 7, 2024, $47M — Happiness Capital

## Investors

- Happiness Capital (https://capitalatlas.ai/funds/happiness-capital) — Series B