Algenetix was incubated by Kapyon Ventures, which also has PhytaGro, the sister company of ZeaKal, in its portfolio and was set up by Han Chen, a former investment manager at Finistere.
Algenetix, a US-based industrial biotech company, has raised $2m in its series A round from a consortium including Two Oceans and other unnamed investors.
Algenetix was incubated by Kapyon Ventures, which also has PhytaGro, the sister company of ZeaKal, in its portfolio and was set up by Han Chen, a former investment manager at Finistere.
Adrian Knight is managing director of Two Oceans, a family office focused on life science and the agriculture technology, that has a relationship with Finistere Ventures and the University of Queensland, Australia, and its venture unit, Uniseed.
Two Oceans is investor in US-based venture capital firm Finistere’s second fund and is its nominated strategic partner in Asia-Pacific.
