Algaia SA announced that it will receive €4,000,000 in its round of funding on May 21, 2018. The transaction will include participation from existing investor, Maabarot Products Ltd. (TASE:MABR). The company issued common stock in the transaction. The transaction is expected to close in the first days of June 2018. As part of the transaction, the investor will hold 53.95% stake in the company.