FaBA backs clean-label ingredient innovation with SeaStock
FaBA commits $740,000 in matched funding to SeaStock, advancing its algae-derived red pigment through extraction research, co-product assessment and regulatory data for novel-food approval.
Company
Every investor coverage indicates participated in a round Trailblazer Universities Program raised.
Companies Trailblazer Universities Program acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Trailblazer Universities Program. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
FaBA commits $740,000 in matched funding to SeaStock, advancing its algae-derived red pigment through extraction research, co-product assessment and regulatory data for novel-food approval.
Roundup of a quiet funding week: Melbourne workforce-platform maker 2cloudnine banked over $7.5m, algae-ingredient maker SeaStock $740,000 from government accelerator FaBA, while San Francisco's Sumble emerged with $59m.
Also Startup Daily
Sydney-based textile dyeing startup Xefco has raised a $10.5 million seed extension led by Main Sequence Ventures, including $2.5 million from Breakthrough Victoria, funding expansion of its water-free dyeing technology into Victoria.
Roundup: ClearVue gets a $935,000 research tax credit; UNSW and Northrop Grumman Australia team up on quantum communications; Sentinel Boats shows an autonomous vessel; UOW leads national research rankings; LETA welcomes CCS progress.
Three unnamed subsidiaries of listed technology company PPK Group have received federal grants through Deakin University's renewable energy commercialisation hub, with market valuations noted for PPK and its Li-S subsidiary.