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KAS Announces $3M Funding Round to Expand Production of its Natural Algae Astaxanthin
Kuehnle AgroSystems (“KAS”), a leading microalgal innovation and production company, announced that it has raised a $3 million Series A2 funding round led by S2G Ventures. The funding will accelerate the commercialization of KAS’s pioneering method for producing natural astaxanthin from microalgae, a key component in sustainable aquaculture systems as well as a clinically proven human nutraceutical.
KAS has patented an innovative process that uses dark fermentation in closed vertical tank systems to produce high-quality natural algae astaxanthin. Utilizing a more sustainable feedstock and production method than current natural and synthetic astaxanthin production methods, KAS’s process results in lower production costs, higher yields, faster growth times, and less water and energy consumption.
Aquaconnect Secures $4 Million In Pre-Series B Funding Round Led By S2G Ventures
Chennai-based start-up Aquaconnect has raised a $4 million (Rs 33 Crore) Pre-Series B funding round led by S2G Ventures.
The Aquaconnect is a full-stake platform embedded with embedded fintech that leverages satellite remote sensing and artificial intelligence to improve the efficiency of stakeholders in the fish farming industry.
Aquaconnect will utilise the new capital to continue scaling its operations and enhance its coverage of the major aquaculture production states in India.
Matter Accelerates Growth with $10 Million Series A Funding
Matter, a microplastic technology and innovation company pioneering solutions for capturing, harvesting and recycling microplastics, today announced that it has raised a $10 million Series A. This funding round will enable the company to scale its microplastic filtration technology and accelerate its roadmap of solutions for commercial and industrial applications.
The round was led by S2G Ventures, the direct investment team for Builders Vision, and SOUNDWaves, the sustainability-focused investment vehicle backed by Ashton Kutcher and Guy Oseary. Kate Danaher of S2G Ventures and Katherine Keating of SOUNDWaves will both join Matter’s expanded Board of Directors. Additional investment came from Leonardo Dicaprio backed Consumer ClimateTech fund Regeneration.VC, and Katapult Ocean, which has made a significant follow-on investment via its new Deep Blue Fund since co-leading the Seed investment round, along with a small number of strategic investors.