Algae startup Subitec raises €4.5 Million Series A from eCapital, Fraunhofer, HTGF and KfW

The upcoming German algae startup scene celebrates its first venture capital investment. The lucky startup is Stuttgart-based Subitec that successfully closed its Series A financing round led by eCapital. Subitec’s algae factories consist of patented vertical photobioreactors that use little space and energy while producing high yield. CEO Peter Ripplinger who pitched Subitec at Ecosummit Berlin 2011 wants to use the fresh money to grow the team, expand the lab and pilot facilities and internationalise the business. The main target market is the US where the demand for innovative algae technologies is the strongest.