# MiAlgae funding: rounds and investors > MiAlgae has raised $30M across 7 rounds since 2022. Investors include Scottish Enterprise, Hill House Capital and Ascension. Every round with its source. Source: https://millionrounds.com/company/mialgae (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Series A startup](https://millionrounds.com/companies) # Who invested in *MiAlgae* 7 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Agtech Raised 7 months ago Funding summary Updated 26 Oct 2026 **$30M** raised across 7 rounds since 2022, from 7 sources **$1.2M** Round **$1.6M** Round **$1.1M** Round **$646K** Round **$19M** Series A **$2.0M** Grant **$4.5M** Series A - **Latest round:** Series A, $4.5M Mar 2026 - **Biggest round:** $19M Series A · Sept 2024 - **Step-up i:** 2.3× - **Investors:** 5 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2022 2023 2024 2025 2026 **$1.2M** Round **$1.6M** Round **$1.1M** Round **$646K** Round **$19M** Series A **$2.0M** Grant **$4.5M** Series A - **First round:** Round, $1.2M - **Biggest round:** $19M - **Usual gap between rounds:** 8 months ## The rounds - **Mar 2026** Series A **$4.5M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Dec 2025** Grant **$2.0M** *2 new* *3 returning* [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Ascension](https://millionrounds.com/fund/ascension) [UK government](https://millionrounds.com/fund/uk-government) [Old College Capital Lp](https://millionrounds.com/fund/old-college-capital) Source recorded - **Sept 2024** Series A **$19M** *3 new* [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Ascension](https://millionrounds.com/fund/ascension) Source recorded - **Jul 2023** Round **$646K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Apr 2023** Round **$1.1M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Jul 2022** Round **$1.6M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet - **Apr 2022** Round **$1.2M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet ## Funding filed with regulators MiAlgae filed 9 raises, $36M in all. Filings say how much was sold and to how many investors; they never name the investors. - Apr 2026 **$1.2M** UK share allotment - Mar 2026 **$3.3M** UK share allotment - Nov 2025 **$9.0M** UK share allotment - Jul 2024 **$2.2M** UK share allotment - Jul 2024 **$16M** UK share allotment - Jul 2023 **$646K** UK share allotment - Apr 2023 **$1.1M** UK share allotment - Jul 2022 **$1.6M** UK share allotment - Apr 2022 **$1.2M** UK share allotment ## Founders and team From MiAlgae's own website: 1 founder, 4 on the team. **Douglas Martin** CEO and Founder - **Simon Durrant** Chief Financial Officer (CFO) - **Adam Morrison** Assistant Site Manager - **Jerome Quiohilag** Associate Director Manufacturing - **Shreekanth Ramananthan** Technical Director ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2022 **Round** 2022 **Round** 2023 **Round** 2023 **Series A** 2024 **Grant** 2025 **Series A** 2026 [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) [Ascension](https://millionrounds.com/fund/ascension) [UK government](https://millionrounds.com/fund/uk-government) [Old College Capital Lp](https://millionrounds.com/fund/old-college-capital) ## Everyone who backed them [Scottish Enterprise](https://millionrounds.com/fund/scottish-enterprise) Government **2** rounds [Hill House Capital](https://millionrounds.com/fund/hill-house-capital) Family office **2** rounds [Ascension](https://millionrounds.com/fund/ascension) VC firm **2** rounds [UK government](https://millionrounds.com/fund/uk-government) Government **1** round [Old College Capital Lp](https://millionrounds.com/fund/old-college-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mialgae). ## Quick answers about MiAlgae ### Who invested in MiAlgae? MiAlgae's investors include Scottish Enterprise, Hill House Capital, Ascension, UK government and Old College Capital Lp. ### How much has MiAlgae raised? MiAlgae has raised $30M across 7 rounds since 2022. ### When did MiAlgae last raise? MiAlgae's most recent round was a Series A of $4.5M in Mar 2026. ### What was MiAlgae's biggest round? MiAlgae's largest round on record is $19M (Series A), in Sept 2024. ### Who backed MiAlgae first? MiAlgae's first round on record, in Sept 2024, was backed by Scottish Enterprise, Hill House Capital and Ascension. ### What stage is MiAlgae at? MiAlgae's latest named round is a Series A, in Mar 2026. ### Where is MiAlgae based? MiAlgae is based in the United Kingdom. ## Companies like MiAlgae In the same sector, and raised in the last eighteen months. 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