# Ocean Rainforest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ocean-rainforest

- Industry: Biotechnology
- Headquarters: Faroe Islands
- Website: www.oceanrainforest.com
- Total disclosed funding: $6.2M
- Latest round: Series A (Feb 15, 2023)
- Investors on record: 7

## About

Based in the Faroe Islands, Ocean Rainforest specializes in sustainable seaweed aquaculture, focusing on the cultivation, harvesting, and processing of premium seaweed products for various industries, including food, nutraceuticals, and cosmetics.Ocean Rainforest, Inc, founded in 2007 in the Faroe Islands, is dedicated to sustainable seaweed aquaculture. The company engages in innovative practices to cultivate and harvest seaweed, primarily operating out of its headquarters in the Faroe Islands. The firm has raised a total of USD 6.20 mn, with the latest funding round being Series A, led by Grantham Foundation and involving several other investors. The most recent deal was closed on September 20, 2024.Ocean Rainforest is a leading innovator in sustainable seaweed aquaculture, focusing on the cultivation, harvesting, and processing of premium seaweed products. Their core offerings include various species of seaweed, such as S. Latissima, A. Esculenta, L. Digitata, and P. Palmata, which are utilized in multiple industries, including food, feed, nutraceuticals, and cosmetics. The company emphasizes a gentle handling process performed by local experts to ensure that the seaweed retains its nutrient-rich properties. Ocean Rainforest's products target health-conscious consumers and businesses seeking natural and sustainable ingredients for their offerings. The company operates primarily in the North Atlantic and Pacific Ocean regions, supplying products to clients across diverse markets, including Europe, North America, and Asia.Ocean Rainforest's revenue model is based on direct sales of its seaweed products to a variety of customers, including retailers, wholesalers, and manufacturers in the food and nutraceutical sectors. The company engages in B2B transactions, providing fully traceable, high-quality seaweed to businesses that incorporate these ingredients into their products. Transactions may involve bulk orders or subscription services for regular supply agreements, enhancing the accessibility of their offerings. Specific pricing structures are determined by product type and volume, ensuring flexibility in serving the diverse needs of their client base. The flagship products are integral to the firm's strategy, positioning them as a key player in the sustainable ingredients market while addressing the increasing demand for healthy, nutrient-rich food sources.In September 2024, Ocean Rainforest, Inc raised USD 2.78 mn in venture funding to expand seaweed cultivation capacity and enhance processing capabilities in the Faroe Islands and California. The company plans to introduce new species of seaweed products to meet consumer demand and will focus on expanding its reach into markets across Europe and North America by late 2025. This funding will directly support the enhancement of their processing facilities and operational capacity to meet increasing market needs.

## Funding rounds

- Series A, Feb 15, 2023, $6.2M — Grantham Foundation, World Wildlife Fund, Katapult Ocean, Twynam Investments, Builders Vision, Ocean Born Foundation, Norðoya Íløgufelag

## Investors

- Grantham Foundation — Series A
- World Wildlife Fund — Series A
- Katapult Ocean — Series A
- Twynam Investments (https://capitalatlas.ai/funds/twynam-investments) — Series A
- Builders Vision — Series A
- Ocean Born Foundation — Series A
- Norðoya Íløgufelag — Series A