Bureo Completes Series B Funding Round, Advancing Work To End Fishing Net Pollution

Dec 08, 2023•about 2 years ago

Round Type

series b

OxnardWholesale Recyclable Materials

Investors

PatagoniaTin Shed VenturesSusquehanna FoundationConservation International VenturesOcean 14 CapitalMirovaToyota Tsusho Corporation

Description

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 Information

Company

Bureo

Location

Oxnard, California, United States

About

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

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Funding Insights

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VC-backed spending patterns