What does Coral Vita do?
Coral Vita uses high-tech, land-based coral farms to accelerate coral growth using bleeding-edge restoration techniques. Their innovative approach enables corals to be grown in months instead of decades, while enhancing their resilience against warming oceans. The facility also doubles as an education center and eco-tourism attraction, fostering local community development.
How much did they raise?
The company secured $8M in a Series A round, led by Builders Vision with participation from investors including Katapult Ocean, iAlumbra, BDT & MSD, 2050, Rypples, Colorado Coral, Rising Tide, Aureolis Ventures, Wilson Sonsini, Kate James, Mariano Battan, Olavo Mutarelli, Jim Salem, and Christian Nielsen.
What are their plans for the money?
The funds will be deployed to scale up Coral Vita's commercial reef restoration operations, expand into new geographical markets, and enhance eco-tourism and community educational initiatives, ultimately aiming to create a global network of large-scale coral farms.
What have they achieved so far?
Founded in 2015, Coral Vita has already demonstrated notable success with its technology, operating in regions such as The Bahamas, Dubai, Saudi Arabia, and Saba, and establishing a model that blends environmental restoration with economic and community benefits.
