British Design Fund backed the London robotics startup as it prepares to deploy monitoring hardware in international markets.
"We believe the ocean is central to solving the climate and nature emergency. Not only can seaweed capture up to 20x more carbon than terrestrial trees but when farmed responsibly it can also provide a sustainable food source and aid biodiversity, while empowering coastal economies."
ACF Investors led the seed round to help the sustainable tech startup scale its brand and technology stack.
"We want to give everyone access to high quality, great value tech, with a flexible, hassle-free experience. Mounting ESG pressures means that businesses are looking for integrated solutions that will help them achieve their climate goals. Reboxed’s sustainable services help businesses do just that. This latest investment will be used to expand our growing team, build out our technology stack and scale the brand."
The pre-seed round was led by Speedinvest to support the rollout of the company protocol in December.
"Interest Rate Derivatives represent the largest asset class in traditional finance with over $500T in outstanding interest. Our ultimate goal is to introduce this market to the advantages of on-chain trading while offering crypto traders the opportunity to trade the most prominent rates in the ecosystem, as enjoyed by participants of TradFi markets."