We’re pleased to announce our investment in the CA$4 million Series A financing round of Cascadia Seaweed, the largest cultivator and processor of seaweed-derived agricultural products in North America, alongside Vere Ventures, WWF Impact (the impact investing arm of World Wildlife Fund US), Norfolk Green Ventures, Realize Impact, and more.
Founded in 2019 and based in Canada, Cascadia Seaweed sustainably cultivates high-quality kelp in partnership with First Nations communities and converts it into biostimulants and agrifeed. Cascadia Seaweed is committed to revolutionizing the agricultural landscape by transforming the sustainable ocean crop into premium natural solutions for farmers. They have developed FieldKelp, a liquid kelp extract, and are currently developing RegenaGrow, a biostimulant. Both products serve as natural solutions for farmers to enrich plant resilience and growth, greatly increasing crop yields and enabling regenerative agriculture.
"Potato Impact Partners is proud to support Cascadia Seaweed in their mission to
address global food security and climate change challenges through seaweed, which is a
core part of the impact we seek. Cascadia’s biostimulant products have strong potential
to improve crop yield and create more sustainable agricultural practices at scale. As part
of our work together, we are also excited to support them in developing a robust impact
measurement and management strategy to track and maximize the positive outcomes
and value of Cascadia's work," said Tessa Charupatanapongse, Investment Lead at Potato Impact Partners.
The investment will fund the building of a commercial-scale seaweed biorefinery on the West Coast, increasing biomass production, and sales and marketing. Cascadia Seaweed’s scalable nature-based solutions reduce the need for industrial chemical products; improve crop health, resilience and yields; and lower farming emissions—thereby helping alleviate global food insecurity and climate change.
"We are thrilled with the support from both new and existing investors. We’ve built a
vertically integrated business that delivers real environmental and economic benefits, and this funding will enable us to scale up and provide surety of supply of innovative inputs to our customers while contributing to more resilient food production in North America,” said Michael Williamson, CEO of Cascadia Seaweed.
We are very excited to support co-founders Michael Williamson, William Collins, and Tony Ethier, as well as CFO Robert Napoli, chief scientist Dr. Jennifer Clark, VP of Operations Matthew Obee and the rest of the team at Cascadia Seaweed in their journey.
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