West Cork seaweed firm secures €1.5m in fresh funding

Pure Ocean Algae is the first commercial end-to-end production platform to produce the red seaweed Palmaria palmata, commonly known as Dulse

Michael O’Neill, CEO and founder of seaweed biotech firm Pure Ocean Algae, which has successfully completed a seed funding round which will see it invest more than €3m over the next two years in building out and growing its business platform as well as creating new jobs in West Cork.

West Cork seaweed company plans to double staff numbers after securing €1.5m in fresh funding to expand its operations.

Pure Ocean Algae, a macro-algae-based biotechnology company is based on the Beara peninsula. It has successfully completed a seed funding round which will see it invest more than €3m over the next two years in building out and growing its business platform as well as creating new jobs in West Cork.