Swedish Algae Factory extracts a unique nanoporous silica material from algae. The material has exceptional properties when it comes to light as well as the ability to absorb or release particles depending on the surrounding environment. The material is trademark protected under the name Algica and is interesting to a variety of industries, where it can replace harmful and / or less effective chemical substances. Algica can be used, for example, to improve the efficiency of solar panels, as well as for moisturizing, cleaning and UV protection in skin care products.

Aqua-Spark, a Dutch investment company with a focus on sustainable aquaculture, takes the lead in the round. Other investors in the round are Formica Ventures, Almi Invest Greentech, Mark Hartney, Chalmers Ventures, Almi Invest and Gladium AB.

Congratulations to Sofie Allert, CEO and co-funder of Swedish Algea Factory!