Pure Ocean Algae
Harnessing the Power of Marine Resources for Sustainable Growth
Harnessing the Power of Marine Resources for Sustainable Growth
Pure Ocean Algae is a biotechnology company focused on integrating value chains from macro-algae and other marine resources. The company's slogan, "Harnessing the Power of Marine Resources for Sustainable Growth," reflects its commitment to environmentally responsible practices. In 2019, the company deployed its first trial lines of Palmaria palmata to sea, which yielded highly encouraging results. Pure Ocean Algae has also made strides in tank-based vegetative production and successfully developed a pilot commercial plant capable of producing commercial volumes of Palmaria palmata, achieving production levels nearing 100% per week.
The company's recent milestone includes a €1.50M Seed Round investment at 23 August 2022, with participation from notable investors including The Yield Lab, Enterprise Ireland, SeaAhead, and Carbery Group. This investment signifies a vote of confidence in Pure Ocean Algae's innovative approach to harnessing marine resources for sustainable solutions.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | €1.50M | 4 |
|
23 Aug 2022 |
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