Investing in the Future: Scottish Seaweed Startup Secures £300,000 for Sustainable Growth

Kaly Group, a pioneering seaweed farming startup based in Scotland, has successfully secured a £300,000 funding round led by Tricapital Angels, with additional support from Scottish Enterprise. This funding will enable Kaly to expand its operations and develop a sustainable seaweed supply chain along Scotland’s picturesque west coast.

The European seaweed industry is on the rise, with the market projected to reach £9 billion by 2030. Scotland stands to gain significantly from this growth due to its extensive coastline, which is ideal for seaweed cultivation.

Moray Martin, CEO of Tricapital Angels, expressed enthusiasm about the investment, stating, “We are proud to back this exciting and innovative business as it seeks to establish a large-scale, profitable, and environmentally sustainable seaweed-based supply chain.” He highlighted the growing investor interest in the blue economy and the potential of seaweed to drive economic growth while delivering important environmental and health benefits.

Kaly is committed to a community-first approach, collaborating with local marine stakeholders to ensure that seaweed farming is beneficial for both local communities and ecosystems. The startup aims to tackle challenges across the supply chain, from biomass cultivation to producing high-value products, thereby supporting the scalability of the UK’s seaweed sector.

Co-founder Daniel Hillman emphasized Kaly's vision to unlock the full potential of seaweed farming in Scotland, stating, “We are thrilled by the continuing support from Tricapital and Scottish Enterprise, which will help us take critical steps toward scaling this exciting industry.”

With its innovative approach and significant funding, Kaly Group is poised to make a substantial impact on the seaweed industry, driving both economic and environmental progress.