# Algenesis funding: rounds and investors

> Algenesis has raised $3.0M across 1 round since 2024. Investors include National Science Foundation and US Department of Energy. Every round with its source.

Source: https://millionrounds.com/company/algenesis (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Algenesis*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Funding summary Updated 26 Oct 2026

**$3.0M** raised across 1 round since 2024, from 1 source

- **Latest round:** Venture, $3.0M Oct 2024
- **Investors:** 2

See who backed them

## The rounds

- **Oct 2024** Venture **$3.0M** [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded SEC filing: $3.0M sold, first sale Oct 2024

## Founders and team

From Algenesis's own website: 1 founder, 14 on the team.

**Dr. Stephen Mayfield** Founder

- **Nick Sandland** Chief Business Officer
- **Pete Morgan** Chief Financial Officer
- **Ryan Simkovsky** Chief Technology Officer
- **Ann King** Operations and Marketing Associate
- **Chris Mayfield** Director of Operations
- **Dan Dearen** Vice Chair
- **Dan Rosen** Executive Chair
- **Gordy Scofield** Senior Applications Development Engineer
- **Katherine O'Shea** Research Associate II
- **Marissa Tessman** Sustainability & Compliance Manager
- **Matthew Halloran** Senior Scientist- Chemistry
- **Sandra Watts** Director of Marketing
- **Veronica Breckenridge** Board Member
- **Wolfgang Hafenmayer** Board Member

Advisers *Paul Saunders*

## Everyone who backed them

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=algenesis).

## Also claim to have backed them

These 2 firms list Algenesis as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Band of Angels](https://millionrounds.com/fund/band-of-angels) Angel network Per its own site

[Oregon Sports Angels](https://millionrounds.com/fund/oregon-sports-angels) VC firm Per its own site

## Quick answers about Algenesis

### Who invested in Algenesis?

Algenesis's investors include National Science Foundation and US Department of Energy.

### How much has Algenesis raised?

Algenesis has raised $3.0M across 1 round since 2024.

### When did Algenesis last raise?

Algenesis's most recent round was a Venture of $3.0M in Oct 2024.

### What was Algenesis's biggest round?

Its most recent round, $3.0M in Oct 2024, is also its largest on record.

### Who backed Algenesis first?

Algenesis's first round on record, in Oct 2024, was backed by National Science Foundation and US Department of Energy.

### What stage is Algenesis at?

Algenesis's latest named round is a Venture, in Oct 2024.

### Where is Algenesis based?

Algenesis is based in the United States.

## Companies like Algenesis

In the same sector, and raised in the last eighteen months.

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

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