Tag Archives: algae

Heliae Algae

Valley algae company develops beauty products

Heliae, a Gilbert-based algae technology company, and The Clarecastle Group announced today that they have entered into a strategic partnership to bring novel algae-based products to the health and beauty industry. The partnership pairs a leader in algae science and production technology with a seasoned consortium of personal care and beauty industry executives with a track record of bringing innovative products to market.

Heliae’s technology platform, Volaris™, offers the next generation of product innovation and customization to the health and beauty industry. Combined with a world-class algae science team and a robust library of species, Heliae is forging a path to a novel category of sustainable marine ingredients for cosmetics and personal care.

“There are over one hundred thousand strains of algae on the planet, each with a different product profile,” said Heliae President and CEO, Dan Simon. “Until now, the industry has barely scratched the surface with algae as a feedstock. Linking Heliae’s technology with the industry experience of Clarecastle is an opportunity to bring algae to the forefront of the cosmetics world.”

“We’ve watched algae with interest, but Heliae is offering a true differentiator,” said Robert Phillips, managing director of The Clarecastle Group. “The concept of a sustainable marine ingredient that is natural, customized, and grounded in sound science is one which will endure. We are eager to work with Heliae – there is no better technology partner to enable this novel ingredient category.”

A firm comprised of former cosmetic and personal care industry executives, The Clarecastle Group boasts a century of collective relevant expertise in designing, formulating, branding and launching novel cosmetic and personal care products.

“We are thrilled to have Clarecastle as a strategic partner,” said Paula Simpson, nutricosmetics expert and health & beauty advisor to Heliae. “Heliae has the science and product development ability, but Clarecastle brings a market understanding which will help connect passionate demand with the next generation of sustainable ingredients. This is a powerful partnership for the industry.”

Heliae Algae

Heliae Gets $15 Million Investment

Heliae, an Arizona-based algae technology solutions company, announced a capital raise of $15 million in funding from international conglomerate Salim Group’s agribusiness company, PT. PP London Sumatra Indonesia Tbk, through its wholly-owned subsidiary, Agri Investments Pte. Ltd.

Frank Mars, co-Founder and Chairman of the Board for Heliae, stated, “I am personally pleased to welcome the Salim group into the Heliae family. As one of the most prominent equatorial-based food businesses in Southeast Asia, their Chairman, Anthoni Salim, recognizes the need to develop new and sustainable sources of nutrition and agricultural inputs to support the region’s growing demands.”

This new round of investment will support tangible steps toward creating an international presence for Heliae’s technology by funding continued research and development at Heliae’s demonstration facility in Arizona and taking steps toward operating an R&D center in Indonesia that will serve the region. Both of these near-term efforts will support the development of large commercial facilities in both regions in the next few years.

“Frank and I are of one mind on developing the solutions to address today’s issues with soil fertility, fresh water, growing demand for fish and animal feeds and ultimately sustainable fuel,” declared Anthoni Salim. “Our two families are committed to impacting the world’s future in a positive way. Both the large impact we see with algae and Heliae’s comprehensive approach to developing algae technology solutions formed our rationale for this strategic investment.”

This marks a total of close to $50 million in funding that Heliae has received since launching in 2008. As a start-up venture spun out of Arizona State University with the support of Science Foundation of Arizona, Heliae’s mission is to develop and validate technology solutions for the commercial production of algae for a variety of potential uses including food & feed, fertilizer, chemicals, pharmaceuticals, cosmetics, and fuel.

“The recognition and support of the Salim Group delivers a sense of validation to our work,” said Dan Simon, President and CEO of Heliae. “These additional funds will help us broaden our reach and allow us to build a presence in Southeast Asia. Of equal importance to Heliae is the strategic relationship we have developed with Salim’s team and alignment of both groups – we look forward to the large impact we’ll be able to make collectively.”

For more information on Heliae, visit Heliae’s website at heliae.com.