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Algae, Microalgae & Seaweed

Loliware Raises $15.4M in Pre-Series A to Replace Single Use Plastic with Seaweed Pellets

Seaweed materials firm Loliware announces it has raised $6M in its latest round of pre-Series A funding, bringing the startup’s total raise to $15.4M. According to the startup, this currently makes it the best-funded seaweed materials tech company on the market.  Company officials said they will use the funds to focus on driving growth in the seaweed materials market, launch new products and novel seaweed resins, and expand the company’s research and development capabilities. “Climate change is a worldwide problem, and our pelletized seaweed resins are a step toward a solution,” said Loliware founder and CEO Sea F. Briganti. “By reducing CO2 emissions and strengthening the ocean-based ‘blue economy,’ our seaweed-derived products make it clear that regenerating the Earth is good business.” Briganti adds, “Demand for …

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