# NeoEarth

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

- Industry: Biotechnology
- Headquarters: Libourne, France
- Website: www.neoearth.fr/
- Total disclosed funding: $0.3M
- Latest round: Seed (Feb 20, 2024)
- Investors on record: 3

## About

Founded in 2022 by Said Ihammouine, and based in Libourne, France, NeoEarth is a production company offering microalgae strains for diverse industrial applications. In February 2024, NeoEarth raised seed funding led by Newfund Management, with participation from Jeriko and Techmind.

NeoEarth specializes in the research and development of augmented microalgae strains, designed to enhance their production capabilities and specific characteristics such as concentration and pigmentation. The company's production system utilizes a patented method that enables a bulk supply of microalgae across various sectors, providing customers with a cost-effective and sustainable solution for CO2 capture and biomass production. NeoEarth's products are primarily targeted towards industries that seek sustainable alternatives to traditional resources, including agriculture, food and beverage, pharmaceuticals, and biofuels. 

The company plans to utilize the February 2024 funds to enhance its R&D efforts, and launch new microalgae products designed for specific industry needs by late 2024. Expansion plans include entering new geographic markets, particularly in Asia and North America, by 2025, where demand for sustainable alternatives is rapidly increasing.

## Funding rounds

- Seed, Feb 20, 2024, $0.3M — Newfund, Jeriko, Techmind

## Investors

- Newfund (https://capitalatlas.ai/funds/newfund) — Seed
- Jeriko (https://capitalatlas.ai/funds/jeriko) — Seed
- Techmind (https://capitalatlas.ai/funds/techmind) — Seed