# Oceanium

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

- Industry: Renewable Energy
- Headquarters: UK
- Website: www.oceanium.world
- Total disclosed funding: $3.8M
- Latest round: Seed (Oct 29, 2021)
- Investors on record: 8

## About

Oceanium Ltd is a UK-based company specializing in the development of sustainable seaweed-based ingredients for diverse industries, including food, health, skincare, and materials. The company focuses on creating innovative solutions for health-conscious consumers and manufacturers.Oceanium Ltd, founded in 2018 in the UK by Karen Seal, operates with a focus on providing seaweed-derived solutions. The company has completed a total of 8 deals, with its most recent funding round on February 28, 2023, raising GBP 2.249 million led by Builders Vision, which also included investments from BDT & MSD Partners, Green Angel Syndicate, and the World Wildlife Fund. The latest funding round brings the total amount raised by the company to GBP 2.249 million, with a post-money valuation of GBP 13.099 million.Oceanium specializes in developing and producing innovative seaweed-based ingredients tailored for various sectors. Its core offerings include high-purity natural seaweed extracts for gut health, clinically proven extracts for skincare, and sustainable water-based inks derived from responsibly farmed seaweed. These products serve health-conscious consumers, skincare manufacturers, and businesses in the pet food industry, with a focus on North America, Europe, and select regions in Asia.In 2023, Oceanium reported revenue of GBP 199,130.40, generated through diverse sales channels, including partnerships with retailers, wholesalers, and B2B distributors in the skincare and personal care sectors. The company engages in strategic collaborations, such as with Evolve Ingredients, for integrating its premium seaweed bioactives into product formulations.Following the recent funding round in February 2023, Oceanium plans to utilize the GBP 2.249 million to scale its technology and expedite the commercialization of its innovative seaweed products. The company is also targeting expansion into new markets, focusing on increasing its presence in specific regions of Europe and Asia by the end of 2024, alongside launching new product lines that leverage its unique seaweed extracts.

## Funding rounds

- Seed, Oct 29, 2021, $1M — Sustainable Oceans Alliance, Green Angel Syndicate, Norfolk Green Ventures
- Seed, Apr 29, 2021, $2.8M — SyndicateRoom, World Wildlife Fund, Green Angel Syndicate, GlassWall Syndicate, Kingfisher Capital LLC, Builders Vision

## Investors

- SyndicateRoom (https://capitalatlas.ai/funds/syndicateroom) — Seed
- World Wildlife Fund — Seed
- Green Angel Syndicate (https://capitalatlas.ai/funds/green-angel-syndicate) — Seed
- GlassWall Syndicate (https://capitalatlas.ai/funds/glasswall-syndicate) — Seed
- Kingfisher Capital LLC — Seed
- Builders Vision — Seed
- Sustainable Oceans Alliance — Seed
- Norfolk Green Ventures (https://capitalatlas.ai/funds/norfolk-green-ventures) — Seed