AlgenAir, a technology company working to reduce CO2 levels in the air through natural air purification using algae, has secured additional funding to continue its growth. In October 2022, AlgenAir CEO Kelsey Abernathy told bizblip that the company had launched a crowdfunding effort on Republic.com with a minimum goal of $50,000. This month, the campaign closed after raising $34,770. Abernathy did not respond to requests for comment.
CTO Dan Fucich and CEO Kelsey Abernathy
AlgenAir first made headlines in 2021 when they became part of the TechStars Kansas City Accelerator. The company has since relocated their headquarters to Pittsburgh and moved production of their home units to western Pennsylvania. The company is also in the process of testing a commercial version of their air purifying system in the Allegheny County Airport as part of the airport authority’s innovation program, xBridge. Director Cole Wolfson told bizblip that the initiative is designed to test the potential of various early stage technologies. AlgenAir CTO Dan Fucich added that the commercial unit is equivalent to 5000 plants, which allows the company to reduce more carbon dioxide and create more oxygen than ever before.
AlgenAir was founded in May 2021, has two full time employees, and prior to this crowdfunding round has raised $170,000. TechStars led a pre-seed round of $120,000 in June, 2021 and CrunchBase says a seed round of $50,000 closed Feb. 1, 2022 with AlphaLab Gear and Innovation Works participating.
