SimpliiGood Secures $4M to Propel Spirulina Protein Innovation Worldwide

AlgaeCore Ltd., the parent company of SimpliiGood, is thrilled to announce that it has successfully raised $4,000,000 in its latest funding round—a significant boost toward expanding its groundbreaking portfolio of edible spirulina-based products. SimpliiGood, a global brand at the forefront of innovation in sustainable, clean-label, and nutritious protein-based micro-algae offerings, is set to revolutionize the food industry with its advanced proprietary technologies in native colorization and texturing. This funding will accelerate the company’s mission to become the leading provider of spirulina-derived protein alternatives, producing an assortment of fish and meat analogs distinguished by their neutral taste, customizable textures, and vibrant appearance, tailored to meet diverse market demands. The infusion of capital will support multiple facets of growth, including scaling production facilities that operate under rigorous international food-grade legislation standards (FDA approved, BRC, ISO, and HACCP) and enhancing cutting-edge automation systems. In addition, the funding is earmarked for refining cultivation techniques of spirulina—a nutrient-dense, eco-friendly micro-algae celebrated for its high complete protein content, antioxidants, vitamins, and minerals, making it a powerhouse addition to daily diets. The company is excited to announce that its first product, a salmon analog crafted entirely from spirulina, will be available by the end of 2023 and aims to serve not only the food and beverage manufacturing sector but also the hospitality industry and retail through a dedicated D2C pilot in Israel. This milestone marks a significant step forward in AlgaeCore’s commitment to quality, health, and innovative food solutions for a global audience.