Microalgae is everywhere, it seems. It’s being used as a way to replace fossil fuels and is used in cosmetics and pharmaceuticals and as a food source. It’s a substantial market, too, expected to be valued at $25.4 billion by 2033. Brevel, a Tel Aviv–based company, is developing microalgae into an alternative protein and today announced $18.5 million in seed funding. Founded in 2016 by three brothers, Yonatan Golan, Matan Golan and Ido Golan, Brevel developed a proprietary technology that combines fermentation and light to make a protein from microalgae that is sold to food companies as a powder for use in plant-based products. The company claims the protein is “the most sustainable on earth” and can be considered a “ghost protein” because it doesn’t affect the flavor, color or taste of foods and therefore can be used in a wide variety of food applications. In addition, that method helps the company achieve cost parity with plant-based proteins like pea and soy because it can generate co-products alongside the protein, including functional lipids and pigments, according …