# Second Ocean

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.second-ocean.com/
- Total disclosed funding: $0.4M
- Latest round: Seed (Dec 4, 2024)
- Investors on record: 4

## About

Based in South Korea, Second Ocean operates as a provider of innovative indoor seaweed farming solutions, leveraging advanced technology to enhance aquaculture efficiency and sustainability.Second Ocean specializes in indoor seaweed farming technology that uses robotics and AI. Founded in 2024 and headquartered in Seoul, South Korea, the company has successfully completed 3 deals, with the latest financial round being a SEED funding of KRW 500 million on December 4, 2024. This round was led by The Ventures with additional participation from AUM Ventures, Antler, and The Invention Lab, bringing the total amount raised to KRW 500 million. The company was established by a team of entrepreneurs with prior experience in agriculture technology.Second Ocean specializes in innovative indoor seaweed farming solutions, utilizing advanced robotics, automation, and artificial intelligence to improve the efficiency and sustainability of seaweed production. The company offers state-of-the-art farming equipment and systems designed to optimize growth conditions while addressing critical aquaculture challenges, such as environmental impact and resource management. With a focus on the Asian and North American markets, Second Ocean serves a diverse clientele that includes food manufacturers, health supplement producers, and bioenergy companies.Second Ocean generates revenue through B2B partnerships and direct sales of its proprietary indoor seaweed farming systems. The company typically engages in long-term contracts or subscription models for equipment leasing and support services, allowing clients to seamlessly integrate its technology. The flagship products, including automated farming units and monitoring software, facilitate a streamlined production process, supporting sustainable growth for both Second Ocean and its partners.In December 2024, Second Ocean raised KRW 500 million in SEED funding, which will be utilized to develop new technologies aimed at promoting local seaweed globally. The company plans to expand its product offerings and increase market penetration in the Asian and North American regions. Specific expansion initiatives are expected to be launched within the next 12 months, focusing on new technologies that enhance seaweed farming efficiency.

## Funding rounds

- Seed, Dec 4, 2024, $0.4M — Antler, The Invention Lab, The Ventures, AUM Ventures
- Seed, Jun 1, 2024 — Antler

## Investors

- Antler (https://capitalatlas.ai/funds/antler) — Seed
- The Invention Lab (https://capitalatlas.ai/funds/the-invention-lab) — Seed
- The Ventures (https://capitalatlas.ai/funds/the-ventures) — Seed
- AUM Ventures (https://capitalatlas.ai/funds/aum-ventures) — Seed