Cascadia Seaweed, a Canada-based seaweed cultivator and processor, announced the close of its recent Series A funding round, raising CAD$4 million of its $7 million target.

Cascadia Seaweed, based in British Columbia, Canada, is focused on transforming sustainably cultivated seaweed into premium products for land-based farmers looking for regenerative solutions to increase crop yields and livestock productivity.

With this funding, the company will build a commercial-scale seaweed biorefinery on Canada’s West Coast, increase biomass production, and expand sales and marketing of its liquid kelp extracts, biostimulants, and livestock products.

In just five years, Cascadia Seaweed has secured more than $18 million from equity and non-dilutive sources.

“We’ve built a vertically integrated business that delivers real environmental and economic benefits, and this funding will enable us to scale up and provide surety of supply of innovative inputs to our customers while contributing to more resilient food production in North America,” said Michael Williamson, CEO of Cascadia Seaweed.

Investors in this round included WWF Impact (the impact investing arm of World Wildlife Fund US), Vere Ventures, Potato Impact Partners, VertueLab Climate Impact Fund, Realize Impact, the Real Estate Foundation of British Columbia, Norfolk Green Ventures and other investors.