Carbonwave, the world leader in upcycling the largest seaweed bloom on the planet into ultra-regenerative, plant-based, advanced biomaterials, announced an initial closing of its $5M Series A round led by Mirova1, an affiliate of Natixis Investment Managers dedicated to sustainable investment, with additional significant participation from Viridios Capital, Popular Impact Fund, and Katapult Ocean.

Carbonwave is the world's leading developer of ultra-regenerative, plant-based, advanced biomaterials from seaweed. The company transforms sargassum seaweed-a resource long considered waste, which does not need land or other inputs to grow-into biomaterials that can replace petroleum products and other harmful industrial inputs. Carbonwave is part of a new wave of companies that are building the next-generation economies that will heal the planet through materials that are regeneratively sourced from our oceans.