Algal Scientific Secures $7 Million In Funding To Accelerate Its Efforts To Transform The World’s Food Supply

PLYMOUTH, Mich.--(BUSINESS WIRE)--Algal Scientific Corporation, a biotech developer and manufacturer of algae-based chemicals and a supplier of related technologies for the food and beverage industries, today announced that it has closed a $7 million Series B funding round. The investment is being led by Formation 8, with additional participation from Evonik Industries and Independence Equity, all returning investors. This brings the total amount raised by the company to over $10 million.

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