Key Takeaways
- Fremantle Seaweed closed its second CSF round with USD 1.43 million (AUD 2.17 million) raised through OnMarket.
- An additional investment from Third Hemisphere’s investment arm brings the total to just under USD 1.52 million (approx. AUD 2.3 million).
- Funding from 655 new and repeat investors will expand hatchery, nursery, and processing facilities and support development of ocean-based planting and harvesting technology.
- Capital enables commercial expansion to meet growing national and global demand for cattle methane-reduction solutions.
- The company aims to eliminate millions of tonnes of emissions annually through scalable seaweed cultivation.
Fremantle Seaweed Secures USD 1.43 Million Through CSF Campaign, Total Funding Nears USD 1.52 Million
Fremantle Seaweed has successfully completed its second crowd-sourced funding (CSF) round, raising USD 1.43 million (AUD 2.17 million) following a two-month campaign on OnMarket. The company later received an additional investment from the investment arm of impact-driven public relations firm Third Hemisphere, bringing total funding to nearly USD 1.52 million (close to AUD 2.3 million).
The raise brought in 655 new investors, along with several returning backers. The company said this influx of capital represents a pivotal milestone as it accelerates efforts to scale seaweed production for methane-reduction applications in the livestock sector.
Fremantle Seaweed's Funding Accelerates Seed Production and Facility Expansion
The newly raised capital will support several critical areas of expansion, including:
- Scaling hatchery and nursery capacity
- Upgrading processing facilities
- Developing ocean technology for planting and harvesting seeded substrate at commercial scale
These investments are essential to increasing production volumes and enabling Fremantle Seaweed to supply a meaningful share of domestic and international demand for seaweed-based cattle methane inhibitors.
Positioning for Commercial Rollout and Climate Impact
The funding also unlocks Fremantle Seaweed’s pathway toward its larger commercial sites, where the company intends to produce seaweed at volumes capable of driving major climate impact. The company noted its ambition to support both national and global markets seeking scalable, natural solutions to reduce livestock methane emissions.
According to Fremantle Seaweed, the expanded production capacity will contribute to eliminating millions of tonnes of emissions annually, helping accelerate adoption of sustainable feed additives within the cattle industry.
Leadership Expresses Gratitude to Investors
In a statement, the company shared its appreciation: “We’re incredibly grateful to our investors — new and old — for their ongoing confidence and support in our mission as we work to turn the tide on climate.”
