AlgaleX Co.,Ltd.
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AlgaleX Co.,Ltd. - overview
Established
2021
Location
Uruma-shi, Okinawa, Japan
Primary Industry
Food
About
Based in Urama, Japan, and founded in 2021, AlgaleX Co. , Ltd. operates Umamo, a manufacturer and distributor of health products like supplements and condiments derived from algae. The company also provides consulting services related to creating value for organic products.
In October 2023, AlgaleX Co. , Ltd. raised JPY 250 million in pre-series funding from investors led by Chiba Dojo with participation from Beyond Next Ventures, Kemuri Ventures, Mitsubishi UFJ Capital, and SMBC Venture Capital. As of October 2023, the company is led by representative director Daichi Takada.
AlgaleX's flagship product is Umamo. It is a plant-based food product, high in DHA (docosahexaenoic acid) and sea flavour, produced from awamori lees, a by-product of awamori production. Umamo offers a sustainable source of DHA without depleting fish populations, making it a healthy and environmentally friendly alternative. The company's technology has broad applications, extending beyond its product lines.
It also offers consulting services for organizations interested in valorizing organic materials and contributing to sustainable solutions. The company plans to use the October 2023 funding to strengthen the marketing for its Umamo brand and develop its AI brewing technology.
Current Investors
Mitsubishi UFJ Capital, SMBC Venture Capital, Beyond Next Ventures
Primary Industry
Food
Sub Industries
Consulting Services, Other Food Products, Health Foods & Nutritional Supplements
Website
www.algalex.com
Verticals
Manufacturing
Company Stage
Early Stage
Total Amount Raised
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