Agricoltura
CASCADIA SEAWEED ANNOUNCES THE SUCCESSFUL FIRST CLOSE OF SERIES A FUNDING ROUND TO DRIVE EXPANSION AND INNOVATION
This milestone marks a significant step in the fast-growing global seaweed industry. Cascadia Seaweed aims to secure the remaining funds to reach its $7 million Series A target.
Cascadia Seaweed, based in British Columbia, Canada , is focused on transforming sustainably cultivated seaweed into premium products for land-based farmers looking for regenerative solutions to increase crop yields and livestock productivity, while reducing agricultural emissions. Cascadia Seaweed is recognized globally for its expertise in cultivating large quantities of high-quality seaweed (kelp) on low-impact ocean farms in partnership with coastal First Nations and converting it into agricultural products. Each of its eight farms is owned by a First Nation community, with benefits flowing to local communities.
said Paul Dobbins , Vice President of Impact Investing and Ecosystems Services, Aquaculture at WWF-US. "
In just five years, Cascadia Seaweed has secured more than
$18M in equity and non-dilutive capital to design, develop, and advance technologies in its value chain, making regenerative products for crops and livestock that improve outcomes for farmers, particularly in the face of climate change impacts.
The urgency for adopting new technologies that reduce emissions and improve food security is well recognized in the face of global changes in precipitation, temperature and other stressors. Seaweed-based biostimulants and livestock feed supplements offer natural, scalable solutions reducing the need for chemical products and reducing agricultural emissions. Additionally, ocean-cultivated seaweed provides valuable ecosystem services, improving the oceans in which it is grown.
Media Contact: Erin Bremner-Mitchell, Cascadia Seaweed Corp., 778-351-4484 | 250-818-1840, erin@cascadiaseaweed.com ; CFO: Rob Napoli, Cascadia Seaweed Corp., 778-389-9230, rob@cascadiaseaweed.com
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