Seaweed farmer Oceanium receives $2.6m funding

Oceanium, co-founded in 2018 by CEO Karen Scofield Seal and CTO Dr. Charlie Bavington, is dedicated to advancing the sustainable seaweed farming industry in the Western Hemisphere. Their proprietary green chemistry-based technology aims to extract maximum value from seaweed, producing food ingredients, bioactive health and cosmetic ingredients, and eco-friendly seaweed-based materials. The Scotland-based company recently secured $2.6m in funding, led by Builders Vision and joined by investors like the World Wildlife Fund and Green Angel Ventures. This investment will support Oceanium's efforts to commercialise its products, expand internationally, and set up a scaled seaweed biorefinery. (The Fish Site)