MiAlgae—a startup growing microalgae in fermentation tanks to produce omega-3 fatty acids—has raised a £14 million series A round to fund a new commercial-scale facility in Scotland. The round was funded by SWEN Blue Ocean, Clay Capital, Rabo Ventures, Equity Gap, Old College Capital, Social Investment Scotland (SIS) Ventures, Ananke Ventures, Ascension Ventures, and Scottish Enterprise and brings MiAlgae’s cumulative equity funding to £20 million. Source: AgFunderNews 19/9/2024