Coral Vita
Growing climate change resilient coral in months not decades through a commercial model to restore dying reefs at scale
Growing climate change resilient coral in months not decades through a commercial model to restore dying reefs at scale
Coral Vita is a startup that aims to address the urgent need for reef restoration by growing climate change-resilient coral up to 50x faster through a commercial model. The company's ultimate vision is to create a global network of land-based farms that use coral farming to produce massive quantities of coral fragments. Their approach involves selling the service of restoration to clients that depend on reefs' benefits, such as hotels, cruise lines, governments, reinsurance companies, and coastal property owners.
Founded in 2017 and headquartered in The Bahamas, Coral Vita has garnered attention for its innovative approach to addressing the rapid decline of coral reefs, which support up to one billion people, sustain 25% of marine life, and generate an estimated $2.7 trillion annually. Their last grant investment was received on 06 October 2023 from Katapult, a notable investor in this space.
With the potential to revolutionize reef restoration through their accelerated coral growth and resilience to climate change, Coral Vita presents an impactful and scalable solution for preserving coral reefs for future generations. Additionally, the company's efforts extend beyond their own operations as they also develop and license tech to other restoration practitioners to improve data analysis, effectiveness, and impact.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Grant | Unknown | 1 | Katapult | 06 Oct 2023 |
| Seed Round | Unknown | 1 | Rayyan Islam | 10 May 2021 |
| Seed Round | $2.00M | 7 |
|
06 Jan 2021 |
| Seed Round | Unknown | 1 |
|
17 Oct 2019 |
| Pre Seed Round | $25.00K | - | 09 Oct 2019 |
No recent news or press coverage available for Coral Vita.
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