Latest news with #TomChi
Yahoo
22-07-2025
- Business
- Yahoo
Provectus Algae Raises $12.6M in Series A Led by At One Ventures and Grant Funding
NOOSAVILLE, Australia, July 22, 2025--(BUSINESS WIRE)--Provectus Algae (Provectus) announced today that it has raised US$10.1M in Series A financing and an additional US$2.5M in grant funding from the Australian government. The round was led by At One Ventures and included Methane Mitigation, Mort & Co, and existing shareholders, such as Hitachi Ventures, among others. Tom Chi, Founding Partner of At One Ventures, will also join the company's Board of Directors. Provectus Algae programs algae to create category-defining bioproducts and sustainable industrial solutions. Through its proprietary Precision Photosynthesis® and artificial intelligence (AI) enabled biomanufacturing technologies, Provectus Algae discovers, develops, and produces algae products at scale, controlling the expression of target compounds for step-changes in productivity and cost of goods. The company's first groundbreaking product off its platform, Surf'N'Turf®, is an algae-based feed supplement for ruminant livestock that contains a seaweed proven to improve rumen digestion and reduce methane generation during enteric fermentation. "Animal agriculture generates more emissions than any other industry, and Provectus Algae's high-yield production offers an economic pathway to substantially solve for these emissions while improving the livelihoods of farmers and ranchers," said Chi. This raise provides Provectus Algae with additional funds to further scale Surf'N'Turf production, perform the world's largest pilot trials for such a product, and supply large quantities of the feed supplement to the market. "As one of Australia's largest lot feeding managers, Mort & Co has a responsibility to lead the way in finding effective methane reduction solutions for the commercial beef industry. The team has been actively involved in testing various feed additives as part of its ongoing commitment to improving sustainability and animal welfare. With the ability to scale production and tailor products for our animals and operations, we have partnered with Provectus Algae to conduct trials of their product designed to reduce methane emissions and increase cattle performance. Achieving increased performance alongside the reduction in methane will provide great opportunity for the industry and we are eager to be a part of this journey," said Charlie Mort, Executive Chairman of Mort & Co. The Series A funds are complemented by support from the Australian Government's Industry Growth Program. The highly competitive "Commercialisation and Growth" grant helps innovative startups and businesses with high growth potential that want to transform, significantly scale up, and build Australian manufacturing capability for the future. "I am incredibly proud of what our team has built despite challenging headwinds in the biotech sector. This milestone is a testament to our team's determination and their desire to deliver lasting advancements in sustainable biomanufacturing," said Nusqe Spanton, Founder and CEO of Provectus Algae. "With Tom Chi coming aboard and Mort & Co's strategic backing, our team has become even stronger as we scale the world's best methane-reducing feed supplement." ABOUT PROVECTUS ALGAE Provectus Algae transforms natural processes into scalable, carbon-negative solutions. Through its proprietary technologies, Provectus Algae has developed an end-to-end platform capable of taking algae-based bioproducts from concept to commercialization. By integrating research, development, and production into a seamless workflow, Provectus Algae enables sustainable biomanufacturing at scale, offering cost-effective and eco-friendly solutions across industries, including agriculture, personal care, and beyond. To learn more, please visit View source version on Contacts Nusqe SpantonFounder & CEOProvectus Algaenusqe@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
22-07-2025
- Business
- National Post
Provectus Algae Raises $12.6M in Series A Led by At One Ventures and Grant Funding
Article content NOOSAVILLE, Australia — Provectus Algae (Provectus) announced today that it has raised US$10.1M in Series A financing and an additional US$2.5M in grant funding from the Australian government. The round was led by At One Ventures and included Methane Mitigation, Mort & Co, and existing shareholders, such as Hitachi Ventures, among others. Tom Chi, Founding Partner of At One Ventures, will also join the company's Board of Directors. Article content Provectus Algae programs algae to create category-defining bioproducts and sustainable industrial solutions. Through its proprietary Precision Photosynthesis® and artificial intelligence (AI) enabled biomanufacturing technologies, Provectus Algae discovers, develops, and produces algae products at scale, controlling the expression of target compounds for step-changes in productivity and cost of goods. Article content The company's first groundbreaking product off its platform, Surf'N'Turf®, is an algae-based feed supplement for ruminant livestock that contains a seaweed proven to improve rumen digestion and reduce methane generation during enteric fermentation. 'Animal agriculture generates more emissions than any other industry, and Provectus Algae's high-yield production offers an economic pathway to substantially solve for these emissions while improving the livelihoods of farmers and ranchers,' said Chi. Article content This raise provides Provectus Algae with additional funds to further scale Surf'N'Turf production, perform the world's largest pilot trials for such a product, and supply large quantities of the feed supplement to the market. Article content 'As one of Australia's largest lot feeding managers, Mort & Co has a responsibility to lead the way in finding effective methane reduction solutions for the commercial beef industry. The team has been actively involved in testing various feed additives as part of its ongoing commitment to improving sustainability and animal welfare. With the ability to scale production and tailor products for our animals and operations, we have partnered with Provectus Algae to conduct trials of their product designed to reduce methane emissions and increase cattle performance. Achieving increased performance alongside the reduction in methane will provide great opportunity for the industry and we are eager to be a part of this journey,' said Charlie Mort, Executive Chairman of Mort & Co. Article content The Series A funds are complemented by support from the Australian Government's Industry Growth Program. The highly competitive 'Commercialisation and Growth' grant helps innovative startups and businesses with high growth potential that want to transform, significantly scale up, and build Australian manufacturing capability for the future. Article content 'I am incredibly proud of what our team has built despite challenging headwinds in the biotech sector. This milestone is a testament to our team's determination and their desire to deliver lasting advancements in sustainable biomanufacturing,' said Nusqe Spanton, Founder and CEO of Provectus Algae. 'With Tom Chi coming aboard and Mort & Co's strategic backing, our team has become even stronger as we scale the world's best methane-reducing feed supplement.' Article content Provectus Algae transforms natural processes into scalable, carbon-negative solutions. Through its proprietary technologies, Provectus Algae has developed an end-to-end platform capable of taking algae-based bioproducts from concept to commercialization. By integrating research, development, and production into a seamless workflow, Provectus Algae enables sustainable biomanufacturing at scale, offering cost-effective and eco-friendly solutions across industries, including agriculture, personal care, and beyond. To learn more, please visit Article content Article content Article content Article content
CNN
23-03-2025
- General
- CNN
The climate crisis will huff and puff, but these innovators are finding ways to stay standing
Welcome to the Age of Adaptation, when a growing number of people are coming to realize that the Big, Bad Climate Wolf isn't going away — and is only getting stronger. As the children's story warns, many homeowners will learn the hard way that their shelter is no match for the huffs and puffs, or floods and fires of an overheating planet, so we must take inspiration from the Third Little Pig, who built a house so strong, it became shelter for the others — and a base of wolf eradication. When my little boy was born in 2020, that old story took on new relevance every time I'd kiss him goodbye to go cover another unnatural disaster. I wondered: Where should he live? What kind of building? What about air and water? What kind of community has the best chance to survive and thrive, come what may? The result is 'Adaptation Nation: A Climate Crisis Survival Guide,' my global search for the most promising solutions and most resilient communities. Outside Amsterdam, I strolled the floating Schoonschip neighborhood, which is pioneering innovative ways to live on top of water as sea levels rise. In Florida, I met the NFL wife and mom who was so shaken by her first hurricane, she started an innovative construction company to build disaster-proof domiciles on the Gulf Coast. As urban wildfires ravaged Los Angeles County, I focused on the homes that didn't burn. I called up the architect for design tips, and we kept going back to Paradise, California, to learn from survivors five years after the Camp Fire turned most of their mountain town to ash. And in Babcock Ranch, Florida, I leaned what it took to build America's first solar-powered town and how it has survived two major hurricanes without flooding or losing power. On journeys from London to Silicon Valley, I met dozens of brilliant innovators devoted to rebuilding healthier, wealthier and happier communities from every sector, like the 'fix-a-flat' for leaky homes that can cut heating bills in half and the van-size drones that could move supply chains from the roads to the sky. Since solar and wind energy now cost less than oil and gas, some Democrats think the way to beat Big Oil is by building better, faster, cheaper alternatives, which just happen to be cleaner and stronger. 'What if we made it so that the thing that had the best unit economics was also best for the planet?' inventor and climate investor Tom Chi asked me. But just as the Inflation Reduction Act was drawing hundreds of billions of dollars of private investment into clean tech, resilience and Earth repair, America re-elected President Donald Trump — a leader likely to tell our metaphorical pigs that the climate wolf is a myth and straw houses are terrific. Amid protests from Republican districts enjoying the IRA's manufacturing boom, Trump is vowing to kill many of these ideas in the cradle. Can blue cities and states, nonprofits and good-hearted corporations keep up the fight without any federal help? It's too soon to tell, and before we know it, my son's Generation Alpha will be old enough to tally what's left and wonder what could have been. The survivors will be the fortunate ones, surrounded by helpers with the wisdom and freedom to adapt and the planning of a Third Little Pig.
CNN
23-03-2025
- General
- CNN
The climate crisis will huff and puff, but these innovators are finding ways to stay standing
Welcome to the Age of Adaptation, when a growing number of people are coming to realize that the Big, Bad Climate Wolf isn't going away — and is only getting stronger. As the children's story warns, many homeowners will learn the hard way that their shelter is no match for the huffs and puffs, or floods and fires of an overheating planet, so we must take inspiration from the Third Little Pig, who built a house so strong, it became shelter for the others — and a base of wolf eradication. When my little boy was born in 2020, that old story took on new relevance every time I'd kiss him goodbye to go cover another unnatural disaster. I wondered: Where should he live? What kind of building? What about air and water? What kind of community has the best chance to survive and thrive, come what may? The result is 'Adaptation Nation: A Climate Crisis Survival Guide,' my global search for the most promising solutions and most resilient communities. Outside Amsterdam, I strolled the floating Schoonschip neighborhood, which is pioneering innovative ways to live on top of water as sea levels rise. In Florida, I met the NFL wife and mom who was so shaken by her first hurricane, she started an innovative construction company to build disaster-proof domiciles on the Gulf Coast. As urban wildfires ravaged Los Angeles County, I focused on the homes that didn't burn. I called up the architect for design tips, and we kept going back to Paradise, California, to learn from survivors five years after the Camp Fire turned most of their mountain town to ash. And in Babcock Ranch, Florida, I leaned what it took to build America's first solar-powered town and how it has survived two major hurricanes without flooding or losing power. On journeys from London to Silicon Valley, I met dozens of brilliant innovators devoted to rebuilding healthier, wealthier and happier communities from every sector, like the 'fix-a-flat' for leaky homes that can cut heating bills in half and the van-size drones that could move supply chains from the roads to the sky. Since solar and wind energy now cost less than oil and gas, some Democrats think the way to beat Big Oil is by building better, faster, cheaper alternatives, which just happen to be cleaner and stronger. 'What if we made it so that the thing that had the best unit economics was also best for the planet?' inventor and climate investor Tom Chi asked me. But just as the Inflation Reduction Act was drawing hundreds of billions of dollars of private investment into clean tech, resilience and Earth repair, America re-elected President Donald Trump — a leader likely to tell our metaphorical pigs that the climate wolf is a myth and straw houses are terrific. Amid protests from Republican districts enjoying the IRA's manufacturing boom, Trump is vowing to kill many of these ideas in the cradle. Can blue cities and states, nonprofits and good-hearted corporations keep up the fight without any federal help? It's too soon to tell, and before we know it, my son's Generation Alpha will be old enough to tally what's left and wonder what could have been. The survivors will be the fortunate ones, surrounded by helpers with the wisdom and freedom to adapt and the planning of a Third Little Pig.
Yahoo
23-03-2025
- Entertainment
- Yahoo
The climate crisis will huff and puff, but these innovators are finding ways to stay standing
Editor's Note: 'The Whole Story: Adaptation Nation: A Climate Crisis Survival Guide' airs Sunday at 8 p.m. ET on CNN. Welcome to the Age of Adaptation, when a growing number of people are coming to realize that the Big, Bad Climate Wolf isn't going away — and is only getting stronger. As the children's story warns, many homeowners will learn the hard way that their shelter is no match for the huffs and puffs, or floods and fires of an overheating planet, so we must take inspiration from the Third Little Pig, who built a house so strong, it became shelter for the others — and a base of wolf eradication. When my little boy was born in 2020, that old story took on new relevance every time I'd kiss him goodbye to go cover another unnatural disaster. I wondered: Where should he live? What kind of building? What about air and water? What kind of community has the best chance to survive and thrive, come what may? The result is 'Adaptation Nation: A Climate Crisis Survival Guide,' my global search for the most promising solutions and most resilient communities. Outside Amsterdam, I strolled the floating Schoonschip neighborhood, which is pioneering innovative ways to live on top of water as sea levels rise. In Florida, I met the NFL wife and mom who was so shaken by her first hurricane, she started an innovative construction company to build disaster-proof domiciles on the Gulf Coast. As urban wildfires ravaged Los Angeles County, I focused on the homes that didn't burn. I called up the architect for design tips, and we kept going back to Paradise, California, to learn from survivors five years after the Camp Fire turned most of their mountain town to ash. And in Babcock Ranch, Florida, I leaned what it took to build America's first solar-powered town and how it has survived two major hurricanes without flooding or losing power. On journeys from London to Silicon Valley, I met dozens of brilliant innovators devoted to rebuilding healthier, wealthier and happier communities from every sector, like the 'fix-a-flat' for leaky homes that can cut heating bills in half and the van-size drones that could move supply chains from the roads to the sky. Since solar and wind energy now cost less than oil and gas, some Democrats think the way to beat Big Oil is by building better, faster, cheaper alternatives, which just happen to be cleaner and stronger. 'What if we made it so that the thing that had the best unit economics was also best for the planet?' inventor and climate investor Tom Chi asked me. But just as the Inflation Reduction Act was drawing hundreds of billions of dollars of private investment into clean tech, resilience and Earth repair, America re-elected President Donald Trump — a leader likely to tell our metaphorical pigs that the climate wolf is a myth and straw houses are terrific. Amid protests from Republican districts enjoying the IRA's manufacturing boom, Trump is vowing to kill many of these ideas in the cradle. Can blue cities and states, nonprofits and good-hearted corporations keep up the fight without any federal help? It's too soon to tell, and before we know it, my son's Generation Alpha will be old enough to tally what's left and wonder what could have been. The survivors will be the fortunate ones, surrounded by helpers with the wisdom and freedom to adapt and the planning of a Third Little Pig.
