Vaxa Technologies

Name

Vaxa Technologies

Legal name

VAXA Technologies

Website

https://vaxa.life

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Microalgae-based Nutrition Ingredients

NAICS

Animal Food Manufacturing (3111), Other Animal Food Manufacturing (311119), Dried and Dehydrated Food Manufacturing (311423)

SIC

Canned, Frozen & Preservd Fruit, Veg & Food Specialties (2030)

akta.pro primary industry

Algae & Seaweed Proteins (Microalgae/Spirulina, Macroalgae) (AFAJAHAF)

akta.pro secondary industries

Seaweed & Algae Aquaculture (incl. microalgae) (AFAEAAAE), Organic Micro-Ingredients & Supplements (Kelp, Herbs, Oils) (AFADAJAK), Amino Acid Premixes & Concentrates (AFADAGAE)

Keywords

• Sustainable microalgae production
• Algae-based omega-3 supplements
• Aquaculture nutrition products
• Animal feed microalgae ingredients
• Natural food colorants

Headquarters

HQ city

Rosh Pinna

HQ country

Israel

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Human Nutrition Products: Sale of protein-rich and Omega-3 products for people including nutrition supplements, natural colorants, and protein drop-ins for meat substitutes sold directly to consumers and retailers.
2. Aquaculture Nutrition Products: Sale of live fresh microalgae (UltraNanno) for hatcheries and functional aquafeed for fisheries, providing year-round supply to improve fish yields and immune systems.
3. Ingredient Sales to Food Manufacturers: Supply of microalgae ingredients including Spirulina to food manufacturers like Oterra for use in natural colorants and food products.
4. Animal Feed Ingredients: Sale of low-carbon microalgae feed ingredients (Verratain Spirulina and Verratain Omega Oil) to animal protein, dairy, and pet food producers through Phibro partnership.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Vaxa Technologies produces sustainable microalgae biomass and microalgae-derived ingredients for human nutrition, aquaculture feed, animal feed, and natural food colorants. The company cultivates microalgae indoors using a proprietary E2F (Energy to Food) platform powered by geothermal energy and machine learning at its Hellisheiði, Iceland facility, and sells the output as supplements under the ÖRLÖ brand, fresh microalgae for hatcheries (UltraNanno), functional aquafeed, low-carbon animal feed ingredients via Phibro (Verratain), and natural blue colorants supplied to food ingredient companies such as Oterra.

Product overview

Vaxa Technologies operates as a multi-product platform company producing sustainable microalgae-based nutrition solutions. The company's offerings span two primary market segments: Human Nutrition (including Omega-3 supplements, natural colorants, and alternative proteins sold under the ÖRLÖ brand) and Aquaculture Nutrition (including UltraNanno for hatcheries and Functional Aquafeed for fisheries). Through strategic partnerships, Vaxa also supplies microalgae ingredients to animal feed manufacturers, including the Verratain product line (Spirulina and Omega Oil) developed with Phibro Animal Health Corporation, and natural colorants to food industry partners like Oterra. The company leverages its patented E2F (Energy to Food) technology platform integrated with Iceland's geothermal infrastructure to produce carbon-negative microalgae year-round.

Differentiator

Problem solved

Functional benefit

Brands

• UltraNanno: Live, fresh microalgae product for hatcheries and early-stage fish feeding, providing year-round supply with no pesticides, herbicides, or antibiotics
• Functional Aquafeed
• Omega 3 & 7
• Lutein & Zeaxanthin
• Verratain
• ACTION Impact Nutrition Program

Products and services

• UltraNanno Live, fresh microalgae product used as early-stage feed in aquaculture hatcheries. Improves juvenile fish yields, immune systems, Omega-3 content, and survival while reducing deformities, supplied year-round without pesticides, herbicides, or antibiotics.
• Functional Aquafeed Microalgae-based functional aquafeed for fisheries providing natural sea-lice protection for salmon and mature-stage feeding, produced via 1-step hexane-free extraction and free of pesticides, herbicides, or antibiotics.
• Verratain Spirulina Low-carbon Spirulina microalgae feed ingredient developed with Phibro Animal Health Corporation, enabling animal protein, dairy, and pet food producers to materially reduce carbon intensity of feed and supply chains.
• Verratain Omega Oil Low-carbon Omega Oil microalgae feed ingredient developed with Phibro Animal Health Corporation, targeting greenhouse gas emission reduction in animal protein and pet food supply chains and cultivated through renewable geothermal energy.
• Omega 3 & 7 Supplements (ÖRLÖ) Algae-based Omega-3 and Omega-7 nutritional supplements sold under the ÖRLÖ brand, marketed as the first hexane-free, bioavailable algae-based Omega-3 with high absorption, no fishy aftertaste, and added phyco-nutrients and vitamins.
• Lutein & Zeaxanthin (ÖRLÖ) Microalgae-derived nutritional supplement product line for eye health and vision support, sold under the ÖRLÖ consumer brand.
• Natural Colorants (microalgae-based) Natural microalgae-derived food colorants (including blue pigments) supplied to food manufacturers such as Oterra, produced pathogen-free with high culture concentration and high C-PC levels.
• Meat Replacement and Alternative Proteins Microalgae-based protein ingredient used as a co-product in bread, snacks, shakes, and meat substitutes, offering a complete essential amino acid profile that is non-allergenic, non-GMO, and vegan friendly.

Quantifiable outcome

• Less than 1% of land and freshwater used compared to industry standards; 10x product yield
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered flagship, core and minor.

• Phibro Animal Health CorporationflagshipStrategic or Co-development Partner · 5 May 2026Strategic partnership to develop and commercialize Verratain brand of low-carbon microalgae feed ingredients. Verratain Spirulina and Verratain Omega Oil products target Scope 3 emissions reduction in animal protein, dairy, and pet food supply chains. Algae cultivated through renewable geothermal energy in controlled indoor conditions. Phibro expects initial sales to commence within coming months.
• OterracoreStrategic or Co-development Partner · 30 January 2024Groundbreaking partnership for use of raw materials from VAXA microalgae cultivation at Hellisheiði. Oterra is a major international food manufacturer and one of the largest service providers to food companies worldwide. Partnership enables use of naturally blue microalgae for natural blue food colorants - first time major food companies can use natural blue color in all their products.
• ON Power (Orkuveita Reykjavíkur)coreStrategic or Co-development PartnerVAXA facility is integrated into ON Power's geothermal park at Hellisheiði, one of the world's largest geothermal plants. Partnership allows use of natural resource streams including energy, hot and cold water to power sustainable microalgae production. Waste outputs of geothermal plant transformed into sustainable resources.
• ACTION Impact Nutrition Program PartnersminorStrategic or Co-development PartnerCollaboration with multiple NGOs, governments worldwide, and shareholders to provide nutrition to communities with limited access to diverse food. Partnership with Bandari School in Tanzania providing Spirulina-blend nutrition to 160 students.

Scale indicators6 records

Recent moves1 record

Direct peers

• Cyanotech Corporation: Cyanotech is a Hawaii-based producer of Spirulina and Hawaiian Astaxanthin, making it the closest publicly-traded direct competitor to Vaxa's microalgae cultivation and ingredient business. Both companies compete on quality, sustainability credentials, and supply into the nutrition and natural colorants markets.
• Earthrise Nutritionals: Earthrise is one of the world's largest Spirulina producers based in California and is owned by DIC Corporation — the same Japanese chemicals group that has invested in Vaxa. As a direct Spirulina producer serving food, supplement, and feed markets, Earthrise is a head-to-head comparable for production scale, cost structure, and customer overlap.
• Fermentalg: Fermentalg is a French industrial biotech company developing and producing microalgae-based ingredients for nutrition, aquaculture, and specialty applications. It is a direct peer in the controlled-environment microalgae ingredient space with overlapping target customers in food and feed.
• AlgaeCytes: AlgaeCytes is a UK-based microalgae production company focused on sustainable, controlled cultivation of high-value algae strains for nutrition and aquafeed applications. Its product portfolio, target customers, and controlled cultivation thesis closely mirror Vaxa's positioning.

Broad incumbents

• Corbion: Corbion is a Dutch global ingredients company with a dedicated microalgae platform (including Algavia DHA/EPA) serving food, nutrition, and aquaculture customers. It competes with Vaxa in algae-derived Omega-3 and aquaculture feed ingredients, but operates at significantly broader scale across multiple ingredient categories.
• DSM-Firmenich: DSM-Firmenich is a global nutrition, health, and ingredients powerhouse with significant presence in Omega-3 (including DHA/algae-derived), animal nutrition, and food ingredients. It competes with Vaxa across multiple verticals but at much broader scale and via a much wider portfolio.
• ADM (Archer Daniels Midland): ADM is one of the world's largest agricultural processors and animal nutrition ingredient suppliers, with growing activity in alternative proteins and sustainable feed ingredients. Its animal nutrition and food ingredient divisions compete with Vaxa on feed and food ingredient supply at massive scale.
• Alltech: Alltech is a global animal nutrition company producing specialty feed ingredients, supplements, and aquaculture nutrition products. Its aquafeed and microalgae-based offerings directly overlap with Vaxa's aquaculture product lines (UltraNanno and Functional Aquafeed).

Others

• Phibro Animal Health Corporation: Phibro is Vaxa's flagship distribution partner for the Verratain Spirulina and Verratain Omega Oil animal feed products. It is comparable as the established commercial vehicle through which Vaxa's microalgae feed ingredients reach animal protein and pet food producers globally.
• Oterra: Oterra is a global leader in natural food colorants and Vaxa's strategic partner for supplying microalgae-based blue colorants to the food industry. It is comparable as the established go-to-market channel that defines Vaxa's natural colorant economics and customer access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vaxa Technologies