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Provectus Algae
Sustainable biomanufacturing platform
About Provectus Algae
Provectus Algae is an Australian biotechnology company engineering a scalable biomanufacturing platform to produce high-value products from microalgae. Founded in April 2018 by Nusqe Spanton, the company originated in a small laboratory in Noosa, Queensland. Spanton, an expert with nearly two decades of experience in aquaculture, the pearl oyster industry, and marine biotechnology, identified the immense potential of algae while developing nutritional profiles for oysters. He recognized that the main barrier to commercializing algae was the difficulty of cultivating it at an industrial scale due to a limited understanding of photosynthesis in aquatic environments.
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The company's core business revolves around its proprietary Precision Photosynthesis® technology. This platform integrates artificial intelligence, machine learning, and patented, closed-loop bioreactors to precisely control the growth of various algae species, including microalgae, seaweed, and cyanobacteria. By manipulating specific light wavelengths, the system can regulate gene expression, essentially turning genes on and off to optimize the production of targeted compounds. This process allows Provectus Algae to transform light and carbon dioxide into a range of bio-based chemicals and specialty ingredients, positioning it as a carbon-negative manufacturing solution. The business model involves developing and licensing these biomanufacturing processes to commercial partners and producing its own branded products.
Provectus Algae serves a diverse client base across multiple industries, including agriculture, food and beverage, pharmaceuticals, and animal health. Its flagship product is Surf'N'Turf®, a feed supplement for livestock derived from Asparagopsis, a red seaweed. This supplement has been demonstrated to reduce enteric methane emissions in ruminant animals by up to 98% while improving feed digestibility. The company provides Surf'N'Turf® as a cost-effective, shelf-stable powder, simplifying its integration into existing farm operations. To scale this product, Provectus has secured a license from Future Feed, which holds the global IP for Asparagopsis technology developed by several Australian research institutions.
The company has achieved significant milestones, including raising a total of $24.7M over six funding rounds. A recent Series A round in July 2025, led by At One Ventures, secured US$10.1M, complemented by a US$2.5M grant from the Australian government. These funds are earmarked for scaling up Surf'N'Turf® production and conducting large-scale pilot trials. Provectus Algae has expanded from a one-person lab to a team of over 16, operating a 30,000-liter demonstration plant with plans for further expansion. The company collaborates with entities like the University of the Sunshine Coast for research and has attracted investments from firms such as Hitachi Ventures and CJ Bio.
At a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Noosaville, Australia
- Employees
- 29
- Open positions
- None listed
- Dealroom signal
- 87.1/100
- Sub-industry
- AgriTech, Innovative Food
- Sector
- Food, Biotechnology, Algae, Alternative Protein, Sustainable Development Goals, Enabler of Alternative Proteins, Climate Tech, Methane, Blue Economy, Blue Biotechnology, Hard Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANTOther financing | Jul 2025 | $2.5M | — | Commonwealth of Australia | ↗ |
| SERIES AOther financing | Jul 2025 | $10M | $40M | Mort & Co · Methane Mitigation · At One Ventures · Hitachi Ventures | ↗ |
Growth signals
Latest recorded traffic for Provectus Algae is 1.7K monthly website visits, up 314.6% over the last three months. Provectus Algae's team grew 16% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed8 investors entered at this stage
Innovation Connections
Vectr Ventures- MVMaropost Venture
Hitachi
Acequia Capital
Possible Ventures
Hitachi Ventures
Commonwealth of Australia
Series A4 investors entered at this stage
CJ BIO
At One Ventures
Mort & Co
Methane Mitigation
Other known investors2 additional known investors
Mark Livings
Unreasonable Group
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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