# Bureo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bureo

- Industry: Environmental Services
- Headquarters: Redondo Beach, US
- Website: www.bureo.co
- Latest round: Series B (Dec 8, 2023)
- Investors on record: 5

## About

Founded in 2013 and based in California, US, Bureo Inc. is a company that focuses on finding innovative solutions to prevent ocean plastics. They collect discarded fishing nets from coastal communities. The company was co-founded by David Stover (CEO), Ben Kneppers (COO), and Kevin Ahearn (CTO). In December 2023, Bureo Inc. raised investment from Toyota Tsusho Corporation, with participation from other investors Mirova, Ocean 14 Capital, Conservation International Ventures, and Susquehanna Foundation.

The company aims to make products by recycling fishing nets. They collect used nets from South American coastal communities, break them down, and turn them into NetPlus pellets. These pellets are used to create a range of items, such as skateboards and Jenga Ocean, the first board game made from recycled fishing nets. Additionally, the company works to find innovative ways to address the issue of ocean plastics and supports local communities in the process.

The company plans to use the December 2023 funding to expand its net collection and recycling operations globally to various coastal communities.

## Funding rounds

- Series B, Dec 8, 2023 — Toyota Tsusho, Ocean 14 Capital, Conservation International Ventures, Mirova, Susquehanna Foundation

## Investors

- Toyota Tsusho — Series B
- Ocean 14 Capital (https://capitalatlas.ai/funds/ocean-14-capital) — Series B
- Conservation International Ventures — Series B
- Mirova (https://capitalatlas.ai/funds/mirova) — Series B
- Susquehanna Foundation — Series B