Tengram’s Algenist Stake Could Be Sea Change For Microalgae Brand
This article was originally published in The Rose Sheet
Executive Summary
TerraVia will focus on food product development and ingredient supply and let Tengram Capital Partners build its Algenist skin-care and makeup brand. The latter is paying $20m for an 80% stake in the microalgae-based line and ongoing access to cosmetic-relevant TerraVia ingredients, all derived from “the mother of all plants.”
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