Better Bite Ventures invests in Algenie, an Australian startup pioneering advanced algae production technology aimed at creating sustainable alternatives across multiple industries.
Target Information
Algenie is an innovative Australian startup founded by inventor and serial entrepreneur Nick Hazell, focusing on revolutionizing algae production. This company aims to significantly lower the costs associated with algae cultivation, thereby unlocking its potential as a sustainable alternative across various industries, including food and nutrition, fossil fuels, and plastics.
By harnessing advanced technology, Algenie is poised to transform algae from a specialized commodity to a mainstream resource, contributing positively to environmental sustainability and addressing the challenges posed by climate change.
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Industry Overview in Australia
The algae production industry in Australia is gaining traction, driven by the increasing demand for sustainable solutions to combat climate change. Traditional farming methods are facing scrutiny due to their environmental imp
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Better Bite Ventures
invested in
Algenie
in
in a Seed Stage deal