# Origin by Ocean

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

- Industry: Chemicals
- Headquarters: Espoo, Finland
- Website: www.originbyocean.com
- Total disclosed funding: $3.3M
- Latest round: Seed (Apr 26, 2023)
- Investors on record: 4

## About

Based in Espoo, Finland, and founded in 2019 by Granström Mari (CEO), and Mikael Westerlund, Ocean Orchard Oy, doing business as Origin by Ocean operates as a chemical manufacturing company that offers algae-based alternatives to oil-based solutions. In April 2023, Origin by Ocean raised EUR 4.5 million in venture debt funding from new investor Business Finland. The company offers its services to industries manufacturing cosmetics, detergents, food, agriculture, packaging and materials, and textiles.

The company runs a biotechnology refinery using ocean-derived algae that are farmed and harvested to provide organic biomolecule ingredients for various applications. The company provides algae-based substitutes for humectants, UV filters, stabilizers, antioxidants, pigments, nutraceuticals, biopesticides, proteins, and other substances used in a variety of industries.

The company intends to use the April 2023 funding to pilot industrial-scale algae refining and commercialize the process.

## Funding rounds

- Seed, Apr 26, 2023, $3.3M — Lifeline Ventures, Voima Ventures, Batofin, Security Trading

## Investors

- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed
- Voima Ventures (https://capitalatlas.ai/funds/voima-ventures) — Seed
- Batofin — Seed
- Security Trading — Seed