It also announced the official opening of its manufacturing facility in North Carolina, where it will scale production of its kelp-based yarn.
CH4 is starting with an initial focus on Australia, New Zealand, and North America beef cattle, including a partnership with ingredients processor CirPro.
The New Zealand startup just closed its pre-seed round.
The Californian startup is helping to make seaweed “the most abundant, most sustainable” source of protein on Earth.
Marine bioproducts derived from resources like algae could add $3 billion to the Australian economy by 2035 – while also building a more resilient food system.
Novel Farming Systems – which includes CEA, aquaculture, and insect production – was the second best-funded agtech category last year, according to AgFunder.
It’s aiming to build “the world’s largest algae factory” to supply raw material for a feed supplement that can reduce livestock methane emissions by up to 80%.
Sea Forest will use the funds to start supplying commercial quantities of seaweed that Australian science agency CSIRO has shown to reduce cattle methane emissions by as much as 80%.
Emerging from stealth, GrainCorp-backed FutureFeed will build a value chain from the ground up to cultivate and commercialize its seaweed additive.
The Faroese company wants to make sea-bound macroalgae farming less labor intensive, and more able to withstand the elements.
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