Oceanium is listed in the article with industry tags including agriculture, beauty, FMCG, food industry and manufacturing. The article reports the company raised $2.6 million in a financing round announced on 09 September 2023. The round was led by Builders Vision and joined by the World Wildlife Fund, Green Angel Syndicate/Green Angel Ventures, BDT & MSD Partners and the Sustainable Finance Initiative. The coverage does not describe Oceanium's core product, business model, or future plans. No operating metrics, valuation, founding year, or location were provided in the article. Oceanium develops a proprietary biorefinery and processing model to convert cultivated seaweed into multiple products, including plant-based food ingredients and feedstock for biodegradable packaging alternatives to petroleum-based plastics. The company’s technical refining method is designed to serve the emerging sustainable algae farming industry by creating value from marine algae across applications. Oceanium plans to use new capital to scale its cultivated algae processing capacity and commercialise its biorefinery model. The firm emphasises regenerative sourcing and aims to help reduce land and resource inputs compared with conventional food and feed production. Oceanium works with conservation partners such as WWF, the Safe Seaweed Coalition and Seaweed for Europe to guide industry foundations and environmental stewardship. The company frames its expansion as both economically and environmentally transformative for a nascent seaweed sector.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2023