Algaia, a French biomarine ingredient company specialising in seaweed natural extracts, has just completed a US$2.4 million investment round, which it says it will spend on developing a new range of seaweed-based solutions that can be used to create plant-based substitutes. The company has seen double-digit growth over the past years, as demand for seaweed-based ingredients skyrockets for vegan food applications.
Source: Seaweed-Based Protein: French Biomarine Startup Algaia Scores US$2.4M To Improve Plant Meat Texture