Quotes from SeafoodSource, January 16, 2024
Algama, a French food-tech company that uses algae to create sustainable food, received EUR 13 million (USD 14 million) from Thai Union’s CVC Fund in its Series A round in January 2023 and launched its plant-based seafood products.
Algama, a French food-tech company that uses algae to create sustainable food, introduces plant-based alternatives to smoked salmon, canned tuna, caviar, and trauma, according to the European Commission.
The Seafood Algernative project aimed to produce fish alternatives from microalgae, in response to the increasing need for eco-friendly food options. The project was led by Algama and supported by the European Maritime and Fisheries Fund. It ran from August 2021 to December 2023.
Algama is creating various products from mayonnaise to egg substitutes to even seafood-like products using algae as a food ingredient. According to Thai Union Leader Chris Aurand, who spoke to SeafoodSource, this offers a great chance to use eco-friendly, ocean-based ingredients in daily products, taking advantage of the natural savory taste and the extra nutritional value.
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