Your Source for Venture Capital and Private Equity Financings

VC-funded Company:

Algal Scientific
47050 Five Mile Road
Northville, MI 48168
Phone: 248-869-3080
www.algalscientific.com

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.

Key Contact
Name
Geoff Horst
Title
CEO
Funding Events

Date
Amount
Type
Investors
Valuation
04/29/14 $3,000,000 Envy Tech Fund I
Evonik Venture Capital
First Step Fund
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


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