# Oceanworks

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

- Industry: Materials
- Headquarters: Los Angeles, US
- Website: www.oceanworks.co
- Total disclosed funding: $4.6M
- Latest round: Seed (Jan 6, 2022)
- Investors on record: 1

## About

Based in California, US, and founded in 2018 by CEO Vanessa Green, and Rob Lanelli, Oceanworks, Inc., a.k.a O/W is a marketplace for sustainable materials that specializes in ocean and averted plastics to minimize the demand for the virgin plastics. In March 2022, Oceanworks, Inc. raised seed funding from BASF Venture Capital.       

The company provides Oceanworks Guarantee, a platform that works as a sourcing engine for responsible plastics in the form of resins, compounded resins, textiles, and white labels. The platform allows buyers to browse multiple SKUs across different unique material types through one-stop shops. In addition, Oceanworks offers material quality assurance, global logistics, digitized blockchain-based traceability, and marketing support to its customers and suppliers.  

Oceanworks plans to use its proceeds from March 2022 funding to accelerate the development of a track-and-trace verification and sourcing engine for recycled ocean plastic.

## Funding rounds

- Seed, Jan 6, 2022, $4.6M — BASF

## Investors

- BASF (https://capitalatlas.ai/funds/basf) — Seed