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Microalgae: Microphyt raises EUR 15 million, L'Oréal takes a minority stake

French biotech, Microphyt, a pioneer in microalgae-based natural solutions for nutrition and well-being, has announced a Serie B fundraising of EUR 15 million to accelerate both the new products development and the commercialization of the product portfolio as well as to increase their production capabilities. This investment was led by L’Oréal through its venture capital fund BOLD Business Opportunities for L’Oréal Development and supported by Microphyt’s current investors Bpifrance,...
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