Kaly Group has raised £300,000 in a funding round led by Tricapital Angels, with co-investment from Scottish Enterprise.
The business opened its first seaweed farm on the Isle of Skye earlier this year and will use the cash to expand its operations and develop a sustainable seaweed supply chain along Scotland’s west coast.
Seaweed offers clean alternatives to plastics, cosmetics, pharmaceuticals and textiles, and can also be used in food, animal feed and fertilisers.
With full-scale processing facilities, the sector could create around 550 jobs across the Scottish supply chain, offsetting the decline of traditional fishing and marine industries.
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