# Carbonwave

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

- Industry: Materials
- Headquarters: Puerto Rico
- Website: www.carbonwave.com
- Total disclosed funding: $5M
- Latest round: Series A (Dec 19, 2022)
- Investors on record: 4

## About

Based in Massachusetts, US, and founded in 2020 by its CEO Geoffrey Chapin, and CFO Ben Ellis, C-Combinator, A Public Benefit Corp, trading under the name Carbonwave operates as a global company that specializes in developing advanced biomaterials from seaweed. In June 2023, Carbonwave raised USD 6 million in venture funding from new investor Pegasus Capital Advisors.

Carbonwave provides a line of seaweed-derived fertilizers and plant performance boosters designed to help crops overcome heatwaves, droughts, and soil exhaustion. Its product line includes leathers and non-wovens, plant-based fabrics made from the extraction of structural polymers; SeaBalance Emulsifiers, is a broad-spectrum emulsifier designed for cosmetics and skin-care products.

The company plans to use its June 2023 funding to support its upcycling strategy for turning the surplus of sargassum seaweed into valuable biomaterials.

## Funding rounds

- Series A, Dec 19, 2022, $5M — Katapult Ocean, Mirova, Viridios AI Pty Ltd, Popular Bank

## Investors

- Katapult Ocean — Series A
- Mirova (https://capitalatlas.ai/funds/mirova) — Series A
- Viridios AI Pty Ltd — Series A
- Popular Bank — Series A