# Sea6 Energy Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sea6-energy-pvt

- Industry: Renewable Energy
- Headquarters: Bangalore, India
- Website: www.sea6energy.com
- Total disclosed funding: $36M
- Latest round: Series B (Aug 17, 2022)
- Investors on record: 4

## About

Based in India, Sea6 Energy Pvt. Ltd. specializes in mechanized ocean farming of tropical seaweeds and develops innovative, sustainable products derived from marine biomass for agriculture, aquaculture, and renewable energy.Sea6 Energy Pvt. Ltd. operates in the mechanized farming of sea-plants, focusing on tropical seaweeds and their applications. Founded in 2010 in Bangalore, India, by Nelson Vadassery, Sowmya Balendiran, and Sri Nori, the company has received funding through 5 deals, with the latest being a Series B round on August 17, 2022, raising USD 9.00 mn from investors including Aqua-Spark, BASF Treuhand GmbH & Co. KG, and Tata Capital Private Equity. This round brought the total amount raised to USD 9.00 mn.Sea6 Energy specializes in the mechanized farming of sea-plants, particularly tropical seaweeds, and develops globally patented products from this biomass. Their offerings include biofertilizers, biostimulants, and food ingredients designed for agriculture, aquaculture, renewable chemicals, bioplastics, and biofuels. The company's technology supports efficient ocean farming, contributing to sustainable and carbon-negative feedstock while targeting improvements in crop yields and providing biodegradable alternatives to fossil-based plastics across various markets, including Asia.In the most recent year of 2023, Sea6 Energy reported a revenue of USD 5,555,861.50 with an EBITDA of USD -3,002,831.60. The company operates a B2B revenue model, selling products directly to businesses in agriculture, aquaculture, and food industries, often through partnerships with retailers and wholesalers.Sea6 Energy plans to introduce new product lines aimed at enhancing agricultural sustainability and productivity in upcoming years. The company is targeting expansion into new geographic markets in Asia and beyond, leveraging its recent funding from the Series B round in August 2022 to support these initiatives. This funding will facilitate the development and launch of innovative products while addressing growing demands for sustainable solutions in the agricultural sector.

## Funding rounds

- Series B, Aug 17, 2022, $9M — Tata Capital, BASF, Aqua-Spark
- Series B, Jul 23, 2022, $9.5M — BASF, Aqua-Spark, Silverstrand Capital
- Series B, Jun 21, 2021, $10M — BASF, Aqua-Spark, Silverstrand Capital
- Series A, Dec 5, 2014, $6.9M — Tata Capital

## Investors

- Tata Capital (https://capitalatlas.ai/funds/tata-capital) — Series A, Series B
- BASF (https://capitalatlas.ai/funds/basf) — Series B
- Aqua-Spark (https://capitalatlas.ai/funds/aqua-spark) — Series B
- Silverstrand Capital — Series B