What does Coral Vita do?
Coral Vita specializes in commercial land-based coral reef restoration. The company cultivates resilient corals at scale, employing innovative techniques to restore threatened reefs, while also running a facility that serves as an education center and eco-tourism attraction to empower local communities.
How much did they raise?
The company raised over $8M in a Series A funding round. The round was led by Builders Vision, with participation from investors such as 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?
With the new funds, Coral Vita aims to expand its operations, advance research and development efforts, strengthen partnerships, build team capacity, and develop additional revenue streams. These initiatives are expected to enhance the global impact of their reef restoration projects.
What have they achieved so far?
Since ramping up operations in 2021, Coral Vita has successfully cultivated over 100,000 corals across 52 species in locations including The Bahamas, Saudi Arabia, and the United Arab Emirates. Additionally, in 2019 they established a commercial land-based coral farm in Grand Bahama that also functions as an education center.
