Caixa Capital Risc acquires a stake in AlgaEnergy, leader in innovation in the microalgae sector
Caixa Capital Risc and Innvierte Economía Sostenible, the closed-end collective investment management company of the CDTI, have reached agreement with the shareholders of the Spanish biotechnology company AlgaEnergy to acquire a stake in the company. Following the transaction, Caixa Capital Risc and the CDTI will hold a minority stake.
Following their purchase of a shareholding in AlgaEnergy, Caixa Capital Risc – through Criteria Industrial Ventures – and the CDTI – through its INNVIERTE fund – will help drive the growth and cement the company’s position as the leader in the microalgae biotechnology sector. Specifically, the contribution of the new shareholders will enable AlgaEnergy to increase the capacity of its production facility in Arcos de la Frontera (Cádiz), to further its progress in new international markets and to hasten the development of new applications.
The use of microalgae for various sectors is a market with exponential growth potential because they are inexhaustible, sustainable and capture CO2.
AlgaEnergy specialises in the production of microalgae-based biostimulants and other agrobiological inputs for use in the agricultural sector and also offers efficient and sustainable products and solutions for industries such as the nutrition and cosmetics sectors. At the same time, it is researching potential applications in industries such as the pharmaceutical and energy sectors. Headquartered in Alcobendas, Madrid, it has subsidiaries in countries including the United States, Mexico, Brazil, Australia, Japan, France, Italy, Turkey and India.
This deal consolidates the growth strategy of the industrial area of Caixa Capital Risc, which channels its new investments in this sector through Criteria Industrial Ventures. This announcement follows the transaction completed in 2020 whereby Caixa Capital Risc and the CDTI became non-controlling shareholders in the startup Tebrio, a biotechnology company leading the way in the breeding and transformation of insects for animal feed and other sectors.