MiAlgae bags £14 million to scale up commercialisation

MiAlgae has secured £14m in funding to accelerate its operations and scale production.

Based at Heriot-Watt University’s Edinburgh campus, the biotechnology business has reached commercial-scale of its marine Omega-3 product, NaturAlgae.

New venture capital investors SWEN Blue Ocean, Clay Capital, and Rabo Ventures joined existing backers Equity Gap, Old College Capital, Social Investment Scotland Ventures, Ananke Ventures, Ascension Ventures and Scottish Enterprise.

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