Algal Scientific was formed in 2009 after winning the inaugural DTE Clean Energy Competition hosted by the University of Michigan and DTE Energy. Since then, the company has gone on to win several other awards and competitions including the $500,000 Grand Prize in the Accelerate Michigan Innovation Competition.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 04/29/14 | $3,000,000 |
Envy Tech Fund I Evonik Venture Capital Formation 8 Independence Equity Michigan Economic Development Corp. | undisclosed | |
| 03/31/15 | $7,000,000 | Series B |
Evonik Venture Capital Formation 8 Independence Equity | undisclosed |
