Mara Renewables secures US$9.1 million from S2G to scale algae-based omega-3 production

Mara Renewables has raised US$9.1 million in funding from S2G Investments to accelerate the global reach of its algae-based omega-3 platform. The Halifax-based biotech company says the capital will expand its R&D efforts, strengthen its manufacturing capabilities, and help meet growing global demand for sustainable DHA alternatives to fish-derived omega-3s.

The new funding comes at a time when consumer awareness of omega-3 health benefits is rising, but most of the world still struggles to access enough of it. According to Mara, around 85% of the global population remains deficient in omega-3. Traditionally sourced from wild-caught fish, DHA supply has long failed to keep up with demand. That’s where Mara sees an opportunity to step in – bypassing the marine food chain entirely and going directly to the original source of omega-3: microalgae.

“At Mara, we are committed to transforming the way the world sources vital nutrients like omega-3s,” said Mara CEO Harry Boot. “Our partnership with S2G strengthens our ability to meet growing global demand with reliable, high-quality alternatives that protect aquatic ecosystems, reduce reliance on wild fisheries, and support the health of people and animals alike. We’re proud to have a values-aligned partner who brings deep experience and shared ambition.”

Unlike conventional omega-3 production, which relies on a chain that begins with algae and ends with fish, Mara’s process uses precision fermentation to cultivate microalgae directly in controlled environments. This method allows the company to produce a consistent, high-quality omega-3 ingredient without contributing to the depletion of wild fish stocks.

Mara’s algae-derived DHA is already used in a variety of products, including infant formula, dietary supplements, functional foods, animal nutrition, and aquaculture. In 2024, the company says it produced enough algal DHA to offset the equivalent of 6.7 billion anchovies from global supply chains.

Larsen Mettler, Managing Director of S2G’s oceans strategy, said Mara’s model addresses a critical issue in food and nutrition. “In our view, Mara is solving a fundamental supply chain challenge with precision and scale,” he said. “They have built an end-to-end platform that delivers consistent, clean, and high-quality omega-3s without relying on depleted fisheries.”

The company is now turning its focus to global expansion. With the fresh investment, Mara plans to deepen its manufacturing partnerships and broaden commercial collaborations in key markets. Its aim is to make omega-3 more accessible and convenient for consumers by helping its customers create enjoyable, easy-to-consume products.

Founded in Nova Scotia, Mara Renewables has positioned itself as a leading force in algae-based nutrition. By refining and scaling its patented fermentation process, the company is tapping into a growing market for sustainable, science-backed ingredients that support both human and environmental health.