Bureo Completes Series B Funding Round, Advancing Work To End Fishing Net Pollution
12/08/23, 2:02 PM
Location
oxnardIndustry
wholesale recyclable materials
Round Type
series b
Investors
Patagonia, Tin Shed Ventures, Susquehanna Foundation, Conservation International Ventures, Ocean 14 Capital, Mirova, Toyota Tsusho Corporation
Bureo, a groundbreaking California-based B Corp that is on a mission to end fishing net pollution by providing fishermen with an end-of-life solution for discarded fishing nets, today announced it has closed a Series B investment in its latest funding round. The round was led by Toyota Tsusho Corporation and supported by Mirova, Ocean 14 Capital, Conservation International Ventures and Susquehanna Foundation. Tin Shed Ventures - Patagonia's venture capital fund - was the initial seed investor in Bureo.
Company Info
Location
oxnard, california, united states
Additional Info
Bureo, based in the US and Chile, is focused on scaling a radically transparent model to eliminate fishing net pollution; using disruptive innovation to inspire change and create tangible positive impacts. Bureo’s Net+Positiva program works together with fishermen to provide a positive solution for their end of life fishing gear, which Bureo transforms into highly recyclable and durable raw materials. Headquartered in California, Bureo is a certified B-Corporation, a member of 1% for the Planet, and is a participating company in Patagonia's Tin Shed Ventures Fund, an internal fund supporting likeminded start-up companies having a positive impact on the environment. To find out more visit: www.bureo.co