Algafilm Technologies Ltd.

Based in Canada, Algafilm Technologies Ltd. , operates as a provider of algae-based wastewater treatment, carbon capture, and biomass production services. Founded in 2023, Algafilm Technologies Ltd. is based in Canada and specializes in algae-based solutions for wastewater treatment.

The company has completed three unique deals, with the most recent funding round occurring on September 23, 2026. In this round, Algafilm Technologies Ltd. The funding will be utilized to expand deployments of its Algae Forest wastewater treatment platform. Algafilm Technologies primarily provides a revolutionary wastewater treatment solution known as the Algae Forest system, which employs an algae biofilm-based approach to remove nutrients from wastewater.

This environmentally friendly method captures nutrients and converts them into valuable biomass while facilitating carbon dioxide absorption. The technology is designed to meet stringent nutrient discharge regulations faced by smaller wastewater treatment facilities, making it an attractive option for municipalities and industrial operators. Key applications include lagoon upgrades, secondary and tertiary treatment, and industrial wastewater management, serving a diverse client base primarily in North America. Algafilm Technologies generates revenue through the sale and implementation of its Algae Forest system, structured around a modular pricing model that accommodates the specific treatment loads of various facilities.

Clients engage in business transactions through direct purchasing agreements, allowing for customization of the system to fit their operational needs. Pricing plans are determined based on the scale of treatment required, with potential for long-term contracts given the system’s modularity and ability to expand with increasing flows or regulatory requirements. Ongoing support services may also contribute to revenue, encompassing system maintenance and performance optimization. The company plans to expand deployments of its Algae Forest wastewater treatment platform, utilizing the recent funding to enhance its operational capabilities.