Provectus Algae raises $10.1M for methane reduction tech

Provectus Algae has secured $10.1 million in a Series A funding round, alongside a $2.5 million grant from the Australian government. This financing will support the scaling of its indoor growing system for Asparagopsis, aimed at reducing livestock methane emissions. The investment is crucial for enhancing production capabilities and conducting large-scale trials.

Original excerpt: Provectus Algae has raised a $10.1 million Series A round and secured a $2.5 million grant…

Source: AgFunderNews