RECRUITAlgal Bio is proud to announce that we have successfully raised 590 Million JPY (ca 4.3 Million USD) in our 1st Closing of Series B financing round. Algal Bio, a leading Japanese micro-algae start-up, provides the world’s first “algae bio-foundry platform” with an intensive algae strain library multiplied with diverse screening and cultivating technologies for applying algae in all industries and applications. We believe that our technologies could be a potential solution for health, food and environment industries. With the funds raised this time, we will not only consolidate our algae bio-foundry platform, but also expedite the commercialization of algae-derived products and solutions together with our partner companies, and accelerate overseas expansion.