Thai Union invests in Algama to setup algal biorefinery in Liege
Type of post: NEWS IN BRIEF. Thai Union has announced that its Corporate Venture Capital (CVC) Fund has joined other strategic and financial partners investing in France-based Algama’s 13 M€ Series A fundraising round. The funding in this round will be used to accelerate commercialization of innovations, development of new applications, and setup of a new 10,000 m2 biorefinery in Liege (Belgium). Press release: " Thai Union Corporate Venture Fund invests in French algae ingredients startup ", 11/01/2023. Figure 1. Vegan tuna and smoked salmon alternatives developed by Algama (Credit: Algama) Founded in 2013, Algama leverages its algae innovation platform to offer co-development and industrialization of algae-based ingredients for F&B players looking to replace animal protein and / or fortify their products. Algama’s flagship product, the Tamalga® range of ingredients, replaces eggs in many industrial applications, particularly in bakery and pastry. The investment in Algam...