Kaly Group, a Scottish seaweed start-up, has raised £300,000 ($376,960) in funding to scale its operations and tap into Europe's rapidly growing seaweed market, reports B Daily.
The investment, led by TRICAPITAL Angels with co-investment from Scottish Enterprise, will support the expansion of Kaly's seaweed farming along Scotland's west coast.
"This investment allows us to scale seaweed farming in Scotland, creating a sustainable, community-focused industry," said Daniel Hillman, co-founder of Kaly Group.
Its first farm, launched earlier this year on the Isle of Skye, on Scotland's west coast, is part of a broader effort to develop a sustainable seaweed supply chain, creating economic and environmental benefits for local communities.
The European seaweed market is expected to reach £9 billion by 2030, with Scotland poised to capture £2bn of that, potentially creating over 550 jobs.
Comments (0)
To view or post comments, simply
Already registered? Log in here:
Enter the email address associated with your account. We'll send you instructions to reset your password.
We’ve sent a link to to change your password.
Please check your inbox to reset your password securely and easily.