Startup
Every investor coverage indicates participated in a round Provectus Algae raised.
Companies Provectus Algae acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Nusqe Spanton | CEO | AgFunderNews |
Stories naming Provectus Algae. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Queensland seaweed producer Provectus Algae raised a $10.1m Series A led by At One Ventures plus a $2.5m government grant to scale indoor Asparagopsis production for livestock methane reduction.
A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.
Queensland algae startup Provectus Algae launches a seaweed-based livestock methane additive, touting cheaper production; founder Nusqe Spanton recently took strategic backing from Korea's CJ Bio.
Weekly agrifoodtech roundup reporting multiple funding rounds including Oatly and Cocoon Bioscience, two acquisitions, a shutdown, and SWEN Capital Partners closing its Blue Ocean Fund above target.
Australian algae-based ingredients startup Provectus Algae has secured a strategic investment from CJ Bio to expand its carbon-negative biomanufacturing platform, with an interview covering its technology and plans.
Six Australian manufacturers received more than $2.1 million in federal grants from AMGC's Commercialisation Fund, with individual awards going to Hygiene Co, Laronix, Provectus Algae, Process Plants International, Vypex and OptoTech.
Also @AuManufacturing·SmartCompany·Startup Daily·@AuManufacturing