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Swedish Algae Factory

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Advanced material from cultivated diatom algae silica shells

Göteborgs Stad, SwedenFounded 2013Energy
Valuation $10–25M Last recorded · 2025
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Swedish Algae Factory

Swedish Algae Factory develops and produces an advanced material, Algica, derived from the nanoporous silica shells of cultivated diatoms, a type of microalgae. The company was co-founded in 2016 by Sofie Allert, a biotechnical engineer, and Angela Wulff, a professor in marine ecology. Their collaboration began in 2013, sparked by a shared interest in algae's industrial potential, particularly species that thrive in cold, dark climates. Allert's background in biotechnology and entrepreneurship complemented Wulff's decades of research into marine microalgae, including those discovered during polar expeditions.

The company's business model is centered on a circular production process. At its commercial facility in Kungshamn, Sweden, Swedish Algae Factory cultivates diatoms using nutrient-rich wastewater from a neighboring food producer, simultaneously cleaning the water and sequestering carbon dioxide. The harvested algae's primary value comes from extracting the silica shells to create Algica, while organic by-products are repurposed for biogas and eco-fertilizers.

The primary market for Algica is the personal care industry, where it is used in over 60 products globally. Its unique porous structure provides multifunctional benefits, including moisturizing, cleansing, anti-pollution, and UV-light blocking properties. Revenue is generated through the sale of Algica to cosmetic and skincare brands. Beyond personal care, the company is actively researching and testing Algica for other applications, such as enhancing the efficiency of solar panels, improving the capacity of lithium-ion batteries, and use in wound care.

Source: Dealroom company data

At a glance

Founded
2013
Headquarters
Göteborgs Stad, Sweden
Sector
Energy

Investors

11 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed6 investors entered at this stage

  • EIT Climate KIC
  • Swedish Energy Agency
  • Almi Invest
  • Chalmers Ventures
  • InnoEnergy
  • European Commission

Series A5 investors entered at this stage

  • Walerud Ventures
  • Aqua-Spark
  • Formica Capital
  • Mark Hartney
  • Gladium
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
1 countries with
team presence
🇸🇪 Sweden100%
1 country shown

Market sentiment

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