What is Origin by Ocean?
Origin by Ocean is an innovative algae farming and harvesting enterprise headquartered in Finland. The company is focused on developing and implementing sustainable methods for cultivating and collecting algae, a versatile biomass with applications ranging from food and feed to biofuels and biochemicals. By leveraging advanced farming techniques and a commitment to environmental stewardship, Origin by Ocean aims to establish itself as a key player in the burgeoning blue economy, addressing global demands for sustainable resources.
How much funding has Origin by Ocean raised?
Origin by Ocean has raised a total of $13.2M across 2 funding rounds:
Debt
$4.9M
Angel/Seed
$8.2M
Debt (2023): $4.9M with participation from Business Finland
Angel/Seed (2023): $8.2M led by Lifeline Ventures, Voima Ventures, Security Trading, and Batofin Oy
Key Investors in Origin by Ocean
Lifeline Ventures
Lifeline Ventures is an early-stage investor that provides pre-seed and seed funding, supporting resilient founders from the inception of their entrepreneurial journey. They aim to partner with ambitious teams poised to become industry leaders.
Voima Ventures
Voima Ventures focuses on funding scientific deep tech ventures in the Nordics and Baltics, aiming to solve significant global challenges through science-driven innovation and entrepreneurial expertise.
Business Finland
Business Finland is a public entity that provides innovation funding and internationalization services, promoting travel and investments in Finland. It is part of the Team Finland network.
What's next for Origin by Ocean?
The recent major strategic investment in Origin by Ocean signals a pivotal moment for the company, likely enabling it to accelerate its expansion plans, enhance its technological capabilities, and broaden its market reach. This infusion of capital is expected to support the scaling of its algae cultivation and harvesting operations, potentially leading to increased production capacity and the development of new product lines. The company's focus on sustainable algae farming positions it favorably to capitalize on growing market interest in bio-based solutions and the circular economy.
See full Origin by Ocean company page
