Algae-Based Cattle Supplement Company Raises $20 Million

Blue Ocean Barns red seaweed

Blue Ocean Barns has developed Brominata, a seaweed-based digestive aid for ruminants

© Blue Ocean Barns

Blue Ocean Barns has completed a $20 million Series A funding round, enabling the company to significantly expand the agricultural and commercial adoption of Brominata, its seaweed-based digestive aid, according to a press release. for cattle.

The all-natural algae, which is made freely available to farmers, has been shown in published research and on-farm trials to safely eliminate over 80% of cows’ methane production without changing the taste of the milk or meat. Seaweed is added to livestock feed in small daily amounts – 0.3% of their overall diet. The natural remedy then stops the formation of methane in the cow’s rumen, nearly eliminating the emission of the powerful greenhouse gas through burping. The methane from a cow’s burps is equivalent to the greenhouse gases emitted by a passenger car.

The Series A round, led by Valor Siren Ventures, includes Tao Capital Partners and strategic investors. The financing brings Blue Ocean Barns’ total capital raised to nearly $27 million.

“Methane emissions from livestock, a by-product of the digestion process, are the largest source of emissions in dairy production. The team at Blue Ocean Barns is focused on solving this massive problem for the industry. and is only committed to providing the product free of charge to farmers in partnership with its corporate clients,” said Jon Shulkin, Co-Chairman and Partner at Valor Equity Partners and Valor Siren Ventures Fund Manager. “Our team at Valor Equity Partners is grateful to to have the opportunity to support the Blue Ocean Barns team through our investments through Valor Siren Ventures.”

Blue Ocean Barns was the first to globally market a safe seaweed digestive aid. Companies that have partnered with Blue Ocean Barns include dairy pioneers Ben & Jerry’s, Clover Sonoma and Straus Family Creamery.

Earlier this year, the company was granted permission to sell Brominata in California by the state Department of Food and Agriculture. Additionally, the United States Patent and Trademark Office has cleared a plant patent for Blue Ocean Barns’ Brominata, the first-ever such patent for a variety of seaweed or seaweed.

person holding wet grass
raw seaweed

Brominata is a 100% natural digestive aid that helps cows get more nutritional value, especially energy, from their feed.

© Blue Ocean Barns

Blue Ocean Barns works directly with companies to reduce GHG emissions from livestock within their own milk and beef supply chains, known as Scope 3 reductions. Companies pay Blue Ocean Barns to deliver the algae to their farmers; in return, companies obtain verified carbon certificates that justify the reductions. These certificates are more valuable than so-called carbon offsets, which allow companies to fund climate-remediation projects outside their industry, such as restoring wetlands.

Blue Ocean Barns will use the funding to expand the company’s tank-based farming, harvesting and processing operations. Over the next four years, Blue Ocean Barns and its food industry partners are poised to exceed three million tonnes of net CO₂ equivalent emissions reductions per year, from one million cows to 100 million cows by the end of the decade. Feeding a daily pinch of Brominata to the state of California’s only dairy cows – less than 2% of US cattle – will have the same annual climate impact as Tesla’s global fleet did last year.

red algae
Brominata developed by Blue Ocean Barns from red algae

Brominata is Blue Ocean Barns’ patent pending variety Asparagopsis taxiformis seaweed

© Blue Ocean Barns

“The climate imperative and the investment opportunity resonated with the organizations that participated in our Series A,” said Joan Salwen, CEO of Blue Ocean Barns. “We are fortunate to bring together these visionary and experienced investors who are both passionate about making a huge impact on global emissions and who will help us build our market leadership.”

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