FOR IMMEDIATE RELEASE
Chantilly, VA, April 16: TrueAlgae, the operating name of GreenTech Ventures, Inc., is pleased to announce an investment from Potential Energy DC Angel Network (PEDC Angels). The PEDC Angels invest in and support emerging energy and sustainability solution companies in the DC metro area.
TrueAlgaeTM is an algae biotechnology company with an innovative, scalable algae production system. Currently it is providing the algae products for use in agriculture to rejuvenate the earth’s depleted soil organically, thus improving crop yields, farmer’s profits and the environment. TrueAlgaeTM will use the funds to continue to build its sales and marketing efforts to bring the multi-faceted benefits of natural, regenerative, sustainable microalgae to multiple markets.
“We are delighted to have Potential Energy DC Angel network join the TrueAlgae family”, said Nathaniel Jackson, CEO of TrueAlgae. “The PEDC Angels’ support will facilitate our growth as we promote the use of the diverse algae universe for a variety of applications.”
Algae is emerging as one of the most promising sources of many nutrients that can be valuable for humans, animals and the planet. Algae is rich in protein, fats and many micronutrients that impart numerous opportunities for use throughout society. Its benefits to the environment are numerous and include expression of oxygen while absorbing CO2 and scrubbing of nitrogen and phosphorus from water sources, all while being regenerative, sustainable and natural.
TrueAlgaeTM’s patent-pending production technology brings a closed-loop, contaminant free capability to quickly produce large quantities of valuable high-quality algae. Currently the algae is used as an organic soil amendment for large fruit and vegetable farms.
”We have been working with Nathaniel and his team for a while now through the PEDC incubator. The PEDC Angels are thrilled to bring TrueAlgaeTM into our portfolio and we look forward to supporting TrueAlgaeTM as they dominate their corner of the algae biotechnology space”, said Dave McCarthy, Executive Director of Potential Energy DC.
TrueAlgaeTM, the operating name of GreenTech Ventures, Inc., is a US based biotechnology company with global reach. The revolutionary closed-loop, proprietary algae production technology allows delivery of high-quality microalgae for a multitude of uses including agriculture, aquaculture, human and animal nutrition as well as personal care products.
About Potential Energy DC Angel Network
The Potential Energy DC Angel Network is the angel group associated with Potential Energy DC, a community dedicated to solving the energy and sustainability problems of today and tomorrow. This group of accredited investors with experience, connections and capital are propelling high-impact energy and sustainability startups in DC. The Potential Energy DC Angel Network is a member of the Angel Capital Association, a collective of 250 angel groups, accredited platforms and family offices. The association is the largest angel professional development organization in the world.