C-Combinator

C-Combinator

An Ocean of Solutions

We’re one of the few global companies researching and developing plant-based materials from the most common tropical brown seaweed, Sargassum, and the only one with an integrated mass collection network and cascading processing operation in key points of the biggest Sargassum bloom, the Atlantic Sargassum Belt. This means huge scale and impact: capable of supplying to a global economy hungry for raw materials that are carbon neutral, non-toxic, and marine biodegradable. The end result: stronger and low-carbon economies.

 

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Security Type
Convertible Note
Industry
Tech
Min Investment
$100
Location
Hingham, ME
Offering Date
July 14, 2021
Expected Close Date
April 30, 2022
Security Price
$1

Management

Geoff Chapin, CEO
Former Bain Consultant and MIT business school alum who is a veteran company builder in the green economy. Past experience starting and leading businesses in the home energy efficiency, and solar space, as well as low energy desalination.

Ben Ellis, CFO
Former SVP at water treatment company that developed a more energy efficient reverse osmosis process. Portfolio manager responsible for over $5B in assets. Public and private equity analyst covering the technology, industrial and energy sectors.

Jason Cole, Senior VP of Innovation
Experienced technology leader and speaker in the field of educational technology and environmental systems.

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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

Key Deal Facts

Up to 70% margins due to close to zero acquisition costs for seaweed. We get paid to collect it.
Every product draws down carbon from the atmosphere and will never degrade into microplastics.
Filed intellectual property on extraction methods used to create products worth $30 - $500/kg.
Generated $50K of revenue in June alone from collections.
Our biostimulant increases crop yields by 15-40%, which is higher than others and we now have LOIs.
A strategic partner committed to investing $5M in our Series A and B.
The world needs sustainable materials like our vegan leather and lots of it! We have scale.
Climate Change: We prevent the seaweed from rotting and emitting methane and make low carbon goods!

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