Kaly raises a seed round from TRICAPITAL and Scottish Enterprise to develop Skye seaweed farming operations.
TRICAPITAL led the seed round to support the development of seaweed farming operations on the Isle of Skye.
Kaly is a Scottish seaweed startup developing farming operations on the Isle of Skye.
Kaly has secured a seed investment round led by TRICAPital with participation from Scottish Enterprise. The funding will enable the company to develop a seaweed farm and associated operations in Loch Bay on the Isle of Skye.
The initiative aims to establish a community-based approach within Scotland's growing seaweed sector, with commercial cultivation expected to begin in autumn 2023 following public consultation and licensing.
Investors are increasingly backing marine ventures as part of the broader Blue Economy, pointing to environmental benefits and growing commercial demand across food, animal feed, and bio-based feedstocks.
Investor perspective
"Kaly aims to add significant capacity to the Scottish seaweed industry in the next few years."
Moray Martin
Managing Partner, TRICAPITAL
Use of funds
- 01Continue product development
- 02Build out infrastructure
