Tech Company Financing Transactions
Carbonwave Funding Round
Carbonwave closed a $5 million Series A funding round on 4/6/2023. Backers included Mirova, Katapult Ocean and Popular.
Transaction Overview
Company Name
Announced On
4/6/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand production capacity into products that replace fossil fuel and animal-based products in the cosmetic emulsifiers, agriculture, textiles, and plastics industries.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
185 Devonshire St 701
Boston, MA 02110
USA
Boston, MA 02110
USA
Phone
Undisclosed
Website
Email Address
Overview
We're the world's leading developer of ultra-regenerative, plant-based, advanced biomaterials from seaweed. Sargassum doesn't need land or other inputs to grow, making it an ultra-regenerative and adaptive plant-based resource. Our proprietary approach turns Sargassum - long considered waste - into materials that can restore soils and oceans, eliminate micro-plastic waste, and achieve carbon neutrality.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Geoffrey Chapin
Chief Financial Officer
Ben Ellis
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