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The Rakiura project is the first in the Southern Hemisphere to use Arctic Seaweed’s modular cultivation system.

Complementary in both catalogue and marketing areas, the acquisition positions the resulting company to become a world leader in its sector.

A new SAMS report says seaweed farming could create jobs and support low-carbon products, but warns that public trust cannot be assumed.

The visit explored cultivation methods, offshore production systems and future opportunities for seaweed and mussels.

Seagriculture EU 2026, held in Gothenburg last week, brought together 229 participants from 28 countries to discuss how Europe’s seaweed industry can move from promise to commercial impact.

The round was led by Hatch Blue’s Blue Revolution Fund (BRF), alongside Conservation International Ventures, elea, RS Group, Potato Impact Partners, Minderoo Foundation, Kibo Invest, and Azulito Fund.