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Lgem - Lgem partners with Navus Ventures to drive algae innovation
Dutch scale-up Lgem secures investment from Navus Ventures to accelerate expansion of its innovative two-phase algae technology and AlgaeHUB.
Lgem, a leader in algae photobioreactor technology with over 17 years of relevant autotrophic algae experience, sealed funding by Navus Ventures for further expansion. The funding from Navus Ventures will allow Lgem to keep investing in its AlgaeHUB de-risking facility, international sales of production systems and continued research and development. The company will execute on a substantial pipeline and maintain its leading position in technology related to efficient micro-algae production. Navus Ventures is part of a family office linked to Lely (farming innovators), and intends to actively support Lgem, leveraging a strong track record of developing and scaling high-tech hardware and software.
Lgem is a Dutch biotech scale-up with more than 17 years’ experience, specialises in the development and production of photobioreactors (PBRs) for the cultivation of microalgae. Lgem’s iconic two-phase PBR solutions offer increased productivity (up to 70%) and deliver stable algae production at lower operational costs (up to 80%). The high-quality patented Lgem’s systems are Industry 4.0 ready and can be easily integrated into a completely automated production facility with upstream and downstream unit operations. The systems range from 20 to over 1,000,000 litres (check the complete range here) , and have the ability to produce any type of microalgae species, even the most fragile ones.
To reduce investment risk for clients, Lgem has created the AlgaeHUB. This unique facility (>20FTE, 7,000m2, with 18 production units) offers customers the possibility to optimise and validate their business case on industrial scale before making significant investments.
Scalable systems and genuine de-risking services have been the missing link in the nascent micro-algae industry. Lgem has demonstrated that industrial-scale production of algae can be achieved successfully and sustainably.
Navus Ventures B.V. (“Navus Ventures”) is a venture capital firm, part of a family office linked to Lely (Farming Innovators), aimed at high-tech start-ups and scale-ups driving the ongoing sustainable transitions in food and energy. Navus is not subject to entry or exit pressure, invests both in typical VC setup as well as for longer holding periods, and draws from the knowledge and network of the Lely family business, with a longstanding history in high-tech product development and successful market entry of innovations. Our approach is hands-on and pragmatic, acting quickly and supporting management on strategic and operational matters.