Scottish Enterprise Invests in Seaweed Venture
Deal News | Dec 19, 2024 | Scottish Enterprise
A Scottish start-up, aiming to capitalize on Europe’s extensive £9 billion seaweed market, has obtained a significant six-figure investment to enhance its supply chain capabilities across the islands. This financial contribution comes from Scottish Enterprise, a prominent public investment firm in Scotland, underscoring an effort to bolster local businesses exploring sustainable agribusiness opportunities. As the global demand for seaweed intensifies, due to its uses in food, pharmaceuticals, and biofuels, this investment marks a strategic inflection point for the young company seeking to scale its operations and increase market share.
Sectors
- Agribusiness
- Venture Capital
Geography
- Scotland – The start-up is located in Scotland, with Scottish Enterprise being a key investor which is also based there.
- Europe – The start-up is targeting the European seaweed market which is valued at £9 billion.
Industry
- Agribusiness – The investment supports a venture within the seaweed segment, which is part of the broader Agribusiness industry.
- Venture Capital – The involvement of Scottish Enterprise represents a venture capital activity aimed at scaling a startup’s operations.
Financials
- Six-figure – The value of the investment secured by the start-up to enhance its supply chain.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scottish Enterprise | Investor | PE Firm | A public investment firm in Scotland that provides funding to growing businesses in various sectors. |