Vialex provided legal counsel and support to the Oban-based company, Oceanium, in a £2m seed fund round. The company will use the funds to further its mission of enabling and supporting the sustainable seaweed farming industry through the development of a range of seaweed-based nutritional food products and bio-packaging materials.
The funding for Oceanium has been led by Green Angel Syndicate and anchor investor World Wildlife Fund.
Oceanium co-founder Karen Scofield Seal said: “The calibre of investors in this round of funding highlights the opportunity and obligation we have to create a market for sustainably farmed seaweed and drive systemic change by providing regenerative food and material sources.
“We will continue to work closely with regional and global conservation partners including WWF, Safe Seaweed Coalition and Seaweed for Europe to ensure we lay the best possible foundations for what will be a transformative industry, in terms of both economic, societal and environmental impact.”
Michael Drysdale, Vialex Senior Legal Adviser, led the legal counsel support to Oceanium.
Michael commented: “We have supported Oceanium since shortly after the company’s inception and are delighted to have assisted John, Karen, and Charlie in this latest round of fundraising to further support the development of innovative, sustainably farmed seaweed-based, food and bio-packaging products.”
Keith Anderson, Vialex co-founder, and CEO, said: “We are able to support a business like Oceanium through every stage of its development and by being advisers to them for their ongoing requirements we really get to know the business. We wish Oceanium every success on the next stage of their journey.”
For more detail please see the linked article, which appeared in Daily Business: https://dailybusinessgroup.co.uk/2021/05/2m-to-unlock-seaweed-alternative-to-plastic/