In 2016, Sea Cliff Capital was engaged by Algal Scientific as its exclusive financial advisor for strategic consulting and M&A. The transaction was closed at US $ 8 million.

Founded in 2009 and based in Michigan USA, Algal Scientific Corporation (“ASC”) has developed an innovative technology that produces a natural beta glucan compound, a well-known prebiotic that can enhance the immune system of human beings, animals and potentially plants. The Company developed a 25 tons per month fermentation process using a non-GMO Euglena gracilis algal strain to produce high purity beta-1,3-glucan at a significantly lower cost than beta glucan produced by the conventional purified yeast process.

The company’s main products include ProGlucan (for animal feed) and PureAlgal (for humans) are more potent and bioavailable than beta glucan produced by the conventional purified yeast process. When ingested by animals or humans or sprayed on plants, ProGlucan/PureAlgal activates the immune system in support of fighting certain infections without the use of antibiotics.

The company’s another product is Algal Water Technologies, a unique high-rate aerobic system producing commodity-equivalent fertilizer, primarily serving the food & beverage and animal production industries.

ASC is a registered food and animal feed additives manufacturing company with the US FDA, USDA as well as the Michigan Department of Agriculture.