MiAlgae, an Edinburgh, Sctoland, UK-based biotech startup, raised £1m in funding.

Backers included Equity Gap, Scottish Investment Bank and Old College Capital, alongside Hillhouse Group, a new investor in the business.

Founded by Douglas Martin in 2016, MiAlgae is a biotech business that uses co-products from the whisky distillation process to produce microalgae, which is high in omega 3 and other nutrients.

The algae can be used to sustainably feed fish and create animal food.

FinSMEs08/01/2020 | To read full story, visit https://startuparound.com/read/1578502808.9351637/MiAlgae-Secures-£1M-In-Funding?ref=audio_experience