Ocean farming startup Sea6 Energy has raised $18.5 million in a Series B funding round from German BASF’s corporate venture company BASF Venture Capital GmbH, and Dutch investment fund Aqua-Spark.
Sea6 Energy, which is engaged in the production and processing of tropical red seaweed, was founded in 2010 by Nelson Vadassery, Shrikumar Suryanarayan, Sowmya Balendiran and Sri Sailaja Nori. The company develops proprietary technologies to convert seaweed into biofuel, plant growth stimulants, plant defence products, animal feed ingredients, and other bio-renewable products to replace chemicals and plastics.
