Carniolus d.o.o.

Introduction

Algaevita operates as a biotech pioneer in the production of sustainable, high-purity Omega-3 oils and Omega-Depleted Algae Meal (ODAM), directly addressing the growing demand for environmentally friendly alternatives to fish-derived products. As a B2B company, Algaevita leverages a diversified revenue model encompassing direct sales, intellectual property (IP) licensing, and royalties. Our innovative, asset-light strategy, underpinned by strong partnerships and a confirmed off-take agreement with Mitsubishi, uniquely positions us to scale rapidly while mitigating heavy capital investment.

At the heart of our operations lies a mission to support the aquaculture industry's growth while protecting ocean ecosystems. By providing eco-friendly, scalable, and high-performance omega-3 solutions, we are reshaping the market landscape for nutraceuticals and aquaculture feed.

Core Products

1. High-Purity Algal Omega-3 Oils
   Algaevita’s flagship product is a 99% pure EPA/DHA omega-3 oil derived from the microalgae Nannochloropsis. This product is specifically tailored for the food supplement, nutraceutical, and functional food industries, offering a sustainable and odor-free alternative to fish oil. Our proprietary guided evolution technology allows for the cultivation of high-EPA-content strains, and our extraction process achieves an industry-leading efficiency of 95%, a significant improvement over the 43% average seen in traditional algal production.
2. Omega-Depleted Algae Meal (ODAM)
   As a valuable by-product of our oil extraction process, ODAM is a nutrient-rich, sustainable feed ingredient for aquaculture. It enhances fish health and growth while reducing reliance on wild-caught fish sources for feed production. This dual-purpose approach ensures minimal waste and maximizes economic and environmental value.

Technology and Innovation

Algaevita’s proprietary technology reflects over a decade of dedicated research under Carniolus. We have revolutionized algal production through:

• Guided Evolution of Algae Strains: Our unique approach optimizes Nannochloropsis for maximum EPA yield while maintaining non-GMO status.
• High-Efficiency Oil Extraction: Achieving 95% efficiency, our process drastically reduces costs, enhances sustainability, and minimizes waste.
• Resource Optimization: Using 95% recycled water, solar-powered systems, and CO2 sequestration, Algaevita ensures a net-negative environmental impact, setting new industry benchmarks in eco-efficiency.

Market Opportunity

The global market for EPA/DHA products hit $52.4 billion in 2023, driven by increased demand in nutraceuticals, functional foods, and aquaculture feed. However, overfishing and environmental concerns regarding fish oil production create a significant gap for sustainable alternatives.

Algaevita is strategically positioned to capture this market:

• Nutraceuticals: Providing high-purity omega-3 oils tailored to health-conscious consumers.
• Aquaculture: Offering ODAM as a cost-effective, sustainable feed supplement.

Our competitive pricing—achieved through breakthrough production efficiency—allows us to compete directly with traditional fish oil producers, making sustainability economically viable.

Traction and Milestones

• Proof of Concept (POC): In 2024, Algaevita successfully validated its 99% pure EPA/DHA oils, described by industry leaders as a "holy grail" product.
• Off-Take Agreement with Mitsubishi: Secured for 100% of our initial production (19 tons annually), ensuring predictable revenue streams.
• Industrial Plant Development: Co-invested €2M alongside a €4M fund to build our first industrial algae production plant in South Africa, with a capacity of 43 tons annually.
• Pipeline of Strategic Partnerships: Strong interest from major players, including L’Oréal, DSM, Danone, SDM, and Corbion.
• Financial Projections: Forecasted €7.7M revenue and €2.3M net profit in the first year of operations, with break-even achieved in year one.

Sustainability and Impact

Algaevita’s commitment to sustainability is at the core of our operations:

• Environmental Benefits: Our algae cultivation process sequesters CO2, minimizes water usage, and eliminates dependence on marine ecosystems.
• Aquaculture Solutions: By replacing fish-based feed ingredients, ODAM helps reduce overfishing and supports the growth of sustainable aquaculture.
• Scalability: Our asset-light IP licensing model enables rapid global expansion without significant capital expenditure, multiplying our positive impact.

Leadership Team

Algaevita’s leadership team combines decades of experience in sustainability, algae technology, and business development:

• Žiga Zmazek, CEO: A seasoned sustainability expert with a background in waste management and engineering.
• Dr. Joachim Grill, CTO: A leading innovator in algae-based technology with multiple patented advancements.
• Ing. Karl Stagl, Sustainable Engineer: An industry veteran with expertise in scalable production systems, co-founder of a successful VoIP company.