To accelerate its market expansion and develop new applications, Swedish Algae Factory has raised additional funding from new and existing investors, such as Chalmers Ventures.WHO: Founded in 2016, Swedish Algae Factory, a pioneer in utilizing the microalgae group diatoms, is scaling production at their commercial-scale factory in Western Sweden, producing its patented Algica material, made from the algae’s high-tech silica shell. Today, Algica is already being used in over 60 different personal care products around the world, with bigger partnerships in the beauty and personal care industry kicking off in 2025 with commercial-scale production capabilities.In addition to personal care, Algica has been tested in solar panels for increased efficiency and lithium batteries for increased energy-storage capabilities with great initial results. As the newest R&D developments have shown, Algica can also reduce and replace harmful chemicals in multiple applications, such as wound care and catalyst support.WHY: The funding will be used to accelerate the company's market expansion and develop new applications.IN THEIR OWN WORDS: “We are beyond excited to have a fully functioning factory that serves our clients globally. We are striving towards a production that is as environmentally friendly as possible, using recycled nutrients and carbon dioxide for algae growth. Our organic by-product is used to produce biogas and eco-fertilizers, but in the future, it may be used in animal feeds, cosmetics, and food products,” says Sofie Allert, CEO and co-founder of Swedish Algae Factory.