Abies Ventures, Inc. is pleased to announce that Abies Ventures Fund I, L.P. invested in Algal Bio Co., Ltd. (hereafter “Algal Bio”), which develops and provides algae based high functional products, in November 2019. Algal Bio is a company established in 2018 to construct a multi-faceted business around its unapparelled library of more than three thousand algal gathered around the world. Containments of algae’s extracts are to be calibrated according to the targeted performance and Algal Bio further ascends their efficacy by its core technology of heavy ion beam and carotenoid accumulation induction methods. The company develops functional oils such as Erucic Acid and Nervonic Acid, that alleviate cognitive impairment. The foreseeable applications are 1. Functional foods that alleviate cognitive impairment, 2. Non GMO/ functional color additives, 3. High end cosmetics ingredients, 4. High value-added analytical reagents, and 5. Bio Fuel in the longer time horizon. Press Release in English Press Release in Japanese