When was Algenie founded?

Algenie was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Algenie located?

Algenie is headquartered in Sydney, Australia.

Who is the current CEO of Algenie?

Nick Hazell of Algenie. They have also founded 1 company.

How many employees does Algenie have?

As of Sep 30, 2026, the latest employee count at Algenie is 9.

Is Algenie a funded company?

Algenie is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 10, 2024.

When was the latest funding round of Algenie?

Algenie's latest funding was a $***** Seed round on Sep 10, 2024, with participation from 1 investor. Its primary sector is Advanced Materials. Globally, the Advanced Materials sector has seen $680M in funding in 2026 to date.

Where does Algenie rank among its competitors?

Algenie ranks 127th amongst 529 active competitors, of which 143 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Checkerspot, which secured $27.4M in Jul, 2026.

Who are the top competitors of Algenie?

Algenie's top competitors include Shellworks, altM and Kuehnle AgroSystems. Among them, Checkerspot secured the most recent funding round in July, 2026.

Algenie - 2026 Company Profile, Team, Funding & Competitors

Algenie is a seed company based in Sydney (Australia), founded in 2023 by Nick Hazell, Mathieu Pernice and John E Martin. It operates as a Provider of technology for algae production. Algenie has raised $1.1M in funding. The company has 529 active competitors, including 143 funded and 26 that have exited. Its top competitors include companies like Shellworks, altM and Kuehnle AgroSystems.

Company Details

Provider of technology for algae production. The platform enables the cultivation of algae, which can be used to produce clean energy, bioplastics, and feed supplements.

Key Metrics

Founded Year

2023

Location

Sydney, Australia

Stage

Seed

Total Funding

$1.1M in 1 round

Latest Funding Round

Seed, Sep 10, 2024, $*****

Investors

Better Bite Ventures

Ranked

127^th among 529 active competitors

Employee Count

9 as on Sep 30, 2026

Similar Companies

Kuehnle AgroSystems & 94 more

View Algenie's full profile

Algenie has raised a total funding of $1.1M over 1 round. Its latest funding round was a Seed round on Sep 10, 2024 for $*****. 1 investor participated in its latest round. Algenie has 1 institutional investor.

Here is the list of recent funding rounds of Algenie:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 10, 2024	5926400	Seed	2211051	4289264	7909843	7387153

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View details of Algenie's funding rounds and investors

The founders of Algenie are Nick Hazell, Mathieu Pernice and John E Martin. Nick Hazell is the CEO of Algenie.

Here are the details of Algenie's key team members:

Nick Hazell: Founder & CEO of Algenie and founder of 1 other company.
Contact Info: 2 email addresses
Mathieu Pernice: Co-Founder of Algenie.
Contact Info: 1 email address
John E Martin: Co-Founder of Algenie.
Contact Info: 1 email address

View details of Algenie's Founder profiles and Board Members

Algenie's employee count trend

Algenie has 9 employees as of Sep 26. Here is Algenie's employee count trend over the years:

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Top competitors of Algenie include Shellworks, altM and Kuehnle AgroSystems. Here is the list of Top 10 competitors of Algenie, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shellworks 2018, London (United Kingdom), Series A	Manufacturer of plastic-free packaging and consumer goods made from biomaterials	$22.1M	LocalGlobe, Alter Equity & 18 others	64/100
2nd	altM 2022, Bengaluru (India), Seed	Deep-tech biorefinery company converting agricultural waste into sustainable biomaterials	$3.5M	Omnivore, Apex Group & 32 others	61/100
3rd	Kuehnle AgroSystems 2007, United States, Series B	Developer of plant-based ingredients for aquafeeds, food, and personal care	$8.2M	S2G Investments, Aqua Spark & 6 others	61/100
4th	Tidal Vision 2014, Bellingham (United States), Series B	Provider of natural biopolymer materials	$356M	Sahsen Ventures, KIRKBI A/S & 12 others	60/100
5th	Calyxia 2011, Bonneuil sur Marne (France), Series B	Provider of diversified green chemicals	$53.7M	Lombard Odier, Astanor & 3 others	60/100
6th	EF Polymer 2018, Okinawa (Japan), Series B	Manufacturer of organic super-absorbent hydrogel for sustainable agriculture	$28.9M	Beyond Next Ventures, https://www.ema.co.jp/ ... & 25 others	60/100
7th	Checkerspot 2016, Alameda (United States), Series D	Biotechnology company designs specialized fats and oils through precision fermentation using optimized microalgae	$144M	ArrowMark Partners, Viking Global Investors ... & 15 others	60/100
8th	Sway 2020, Carmel Valley (United States), Seed	Manufacturer of seaweed-based materials as compostable replacements for plastic packaging	$14.5M	Valor Equity Partners, Climate Capital & 19 others	60/100
9th	Fermentalg 2005, Libourne (France), Public	Innovating with algae for sustainable solutions in nutrition and environmental impact	$30.3M	Demeter, Smalt Capital & 14 others	60/100
10th	Zerocircle 2020, Pune (India), Seed	Manufacturer of seaweed based packaging materials and grease resistant coatings	$3.16M	Rainmatter, 3one4 Capital & 21 others	59/100
127th	Algenie 2023, Sydney (Australia), Seed	Provider of technology for algae production	$1.1M	Better Bite Ventures	33/100