Provectus Algae

Provectus Algae nets fresh funds to scale methane reduction seaweed tech platform

Queensland seaweed producer Provectus Algae raised a $10.1m Series A led by At One Ventures plus a $2.5m government grant to scale indoor Asparagopsis production for livestock methane reduction.

Data snapshot: From ‘lightning in a box’ to microbial carbon capture, agrifoodtech investment moves upstream in Australia as investors focus on climate mitigation

A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.

Provectus Algae seeks to disrupt livestock methane reduction space with tech delivering 'a step-change in the cost of goods'

Queensland algae startup Provectus Algae launches a seaweed-based livestock methane additive, touting cheaper production; founder Nusqe Spanton recently took strategic backing from Korea's CJ Bio.

The Week in AgriFoodTech: Oatly raises $425m, Cocoon Bioscience bags $16 million to turn moths into bioreactors

Weekly agrifoodtech roundup reporting multiple funding rounds including Oatly and Cocoon Bioscience, two acquisitions, a shutdown, and SWEN Capital Partners closing its Blue Ocean Fund above target.

Also Startup Daily·SmartCompany·AgFunderNews·AgFunderNews

Provectus Algae to expand ‘carbon negative’ biomanufacturing ingredients platform with new funding

Australian algae-based ingredients startup Provectus Algae has secured a strategic investment from CJ Bio to expand its carbon-negative biomanufacturing platform, with an interview covering its technology and plans.

Also AgFunderNews·AgFunderNews·AgFunderNews

Wet wipes to warehouse tech: Six Australian firms book $2.1 million in government grants to boost next-generation manufacturing

Six Australian manufacturers received more than $2.1 million in federal grants from AMGC's Commercialisation Fund, with individual awards going to Hygiene Co, Laronix, Provectus Algae, Process Plants International, Vypex and OptoTech.

Also @AuManufacturing·SmartCompany·Startup Daily·@AuManufacturing

EXCLUSIVE: Provectus nets $3.25m seed funding to ‘program’ algae

Australian algae startup Provectus Algae raised a $3.25 million seed round led by Hong Kong's Vectr Ventures, with Canada's Maropost Ventures participating, to scale its Precision Photosynthesis platform for specialty ingredients.