Algenesis receives US$5 million in seed round financing! Expanding the production scale of algae biobased polyurethane

Algenesis, a leading plant materials science company, invests in a joint venture led by First Bight Ventures and Circulate It raised $5 million in a round led by Capital and with participation from other companies. Algenesis is a pioneer in the development of bio-based plastics. Its patented Soleic™ technology is cost- and performance-competitive with petroleum-based…