Sea Forest

Sea Forest is an Australian company focused on mitigating climate impact by developing innovative livestock feed supplements derived from seaweed, particularly targeting methane reduction in cattle and other livestock. Sea Forest specializes in eco-friendly livestock feed solutions, specifically with its flagship product, SEAFEED™, aimed at reducing methane emissions from livestock. The company was founded in Australia, with its headquarters located there. Sam Elsom is the CEO, and the company raised USD 34 mn in funding on April 27, 2021, from investors including Macquarie Infrastructure and Real Assets and PGA Group, bringing the total amount raised to USD 34 mn.

Sea Forest specializes in innovative solutions to combat climate change, primarily through its flagship product, SEAFEED™, a livestock feed supplement derived from the seaweed Asparagopsis. This product is scientifically formulated to reduce methane emissions from livestock, addressing significant environmental challenges while promoting sustainable agricultural practices. The company collaborates with top research teams across Australia and New Zealand to develop extraction, cultivation, stabilization, and concentration methodologies for the bioactive compounds found in seaweed. SEAFEED™ is targeted at livestock producers, including beef and dairy farmers, aiming to enhance the sustainability of animal husbandry practices.

The company's offerings are marketed primarily in Australia, New Zealand, and potentially expanding into other global markets focused on livestock production. Sea Forest generates revenue primarily through the sales of its SEAFEED™ livestock feed supplement. In 2023, the company reported a revenue of USD 4,200,443. 50, with an EBITDA of USD -3,681,359.

90. The revenue model is structured around direct sales to livestock producers, which can include single transactions for individual purchase of SEAFEED™ or potential partnerships for larger supply agreements. The pricing structure is designed to appeal to farmers looking to reduce operational costs associated with methane emissions while enhancing their overall sustainability profile. Specific pricing details for SEAFEED™ are strategically aligned with the value it provides in lowering greenhouse gas emissions, making it an attractive option for environmentally conscious livestock producers.

Transactions are processed on a business-to-business basis, fostering long-term client relationships focused on both performance and environmental outcomes. In April 2021, Sea Forest raised USD 34 mn in venture funding from new investors Macquarie Infrastructure and Real Assets and PGA Investments. The company plans to utilize these funds primarily for expanding the cultivation of seaweed to help curb the environmental impact of flatulent farm animals. Sea Forest is looking to develop new products in the SEAFEED™ line and aims to expand its market reach beyond Australia and New Zealand into other regions by 2024.

Specific targeted markets for expansion include North America and parts of Europe, where livestock production is significant.