Galway Seaweed Company Raises €1.4m in Funding
A Galway based seaweed business, Ocean Harvest Technology, has raised €1.4 million from a variety of private investors which could help to increase the production of its product by five-fold. A U.S. investor provided about half of the money while non-executive directors also participated.
The company mainly produces animal feed using carefully crafted mixes of seaweed, harvested both in Ireland and around the world. It operates two production facilities – one in Connemara and the other in Vietnam.
