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Provectus Algae

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Sustainable biomanufacturing platform

Noosaville, AustraliaFounded 2018Food
Valuation $25–50M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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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.

Source: Dealroom company data

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

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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 ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Provectus Algae website traffic

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.

Latest monthly visits1.7K 3-month web change+314.6% 1-year team growth+16%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

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
  • Maropost 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
Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇦🇺 Australia81.8%
🇫🇷 France4.5%
🇭🇰 Hong Kong4.5%
🇵🇭 Philippines4.5%
🇺🇸 United States4.5%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Provectus Algae on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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