Thai Union Group announced Wednesday that its Corporate Venture Capital (CVC) fund is investing in France-based algae startup Algama’s €13 million ($13.9 million) series A fundraising round.
Founded in 2013, Algama is a micro-algae ingredients company based in Paris, with a presence now across France, the United States and Belgium.
Algama offers co-development and industrialization of algae-based ingredients for companies looking to replace animal protein in their products.
