Kuehnle AgroSystems Closes Series B for Algae Astaxanthin

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Kuehnle AgroSystems, an algal biotechnology company based in Honolulu, Hawaii, has closed a multi-million-dollar Series B round to accelerate commercial production of natural astaxanthin. IVC led the financing, with participation from existing investors S2G Investments and Hatch Blue and new investor Dest EOOD.

The company produces astaxanthin, a natural pigment and antioxidant, through a dark fermentation process using microalgae. The round is designed to move the company from technology development into commercial production and sales.

Proceeds will support expanded research and development, work with sustainable food-ingredient company Corbion, development and validation of salmon feed products, and global regulatory approvals for aquaculture and human nutrition.