The Seaweed Company is scaling up operations by bringing minority shareholder, Colruyt Group, on board for a new investment round.
The Dutch start-up, founded in 2018, produces seaweed at its farms in Ireland, Morocco, India and the Netherlands for applications such as animal feed supplements, food products and biostimulants, marketed under the company’s Blue Farming and Blue Health concepts.
“We are extremely proud that Colruyt Group is further expanding its minority interest to 21% and that we can continue to work on expanding our platform together with this commercial partner with thorough market knowledge,” commented SeaEO, Joost Wouters.
The company, which aims to promote seaweed across Europe, developed its Blue Health concept to highlight seaweed’s positive contribution to health and sustainability. Its Blue Farming concept focuses on concrete solutions to make agricultural chains more sustainable and includes its TopHealth supplements for animal and plant feeds.
Stefan Goethaert, director of Fine Food, Retail Services and Private Label and responsible for Colruyt Group’s agricultural policy sees a lot of potential in seaweed. “It is extremely versatile and can be used in food, animal feed, fertilisers and even as an alternative to plastic in packaging,” he said.
“We are therefore investing in The Seaweed Company because we are convinced that they can provide sustainable solutions in various sectors thanks to their expertise in developing innovative products based on seaweed.”
