Tidal Vision, a pioneering green chemistry company headquartered in Bellingham, Washington, has secured a substantial $140 million in Series B funding to propel its mission of transforming discarded crab shells into valuable chitosan, a versatile biopolymer with diverse applications across various industries. Founded in 2015 by former fishing boat captain Craig Kasberg and Chief Strategy Officer Zach Wilkinson, the company’s innovative approach addresses the pervasive issue of seafood industry waste while simultaneously providing a sustainable alternative to harmful chemicals commonly used in manufacturing and agriculture. This significant investment marks a pivotal moment in Tidal Vision’s growth trajectory, enabling the company to expand its operations, broaden its product portfolio, and further solidify its position as a leader in the burgeoning field of sustainable chemistry.
The core of Tidal Vision’s business revolves around chitosan, a biopolymer derived from chitin, the primary structural component of crab shells. Traditional methods of chitosan production often involve harsh chemicals and generate significant waste. In contrast, Tidal Vision employs a proprietary, environmentally friendly process that minimizes waste and eliminates the use of harmful substances. This zero-waste approach not only aligns with the company’s commitment to sustainability but also enhances the purity and quality of the resulting chitosan. The versatility of chitosan is remarkable, with applications spanning water purification, produce preservation, plant growth promotion, flame retardant fabrics, pharmaceuticals, and cosmetics. By offering a safe and effective alternative to toxic chemicals, metals, petroleum products, and pesticides, Tidal Vision is contributing to a cleaner, healthier, and more sustainable future.
The $140 million Series B funding represents a significant vote of confidence in Tidal Vision’s technology, business model, and potential for growth. This substantial investment will fuel the company’s expansion plans, including scaling up production capacity, expanding its workforce, and further developing its product offerings. A portion of the funding will be allocated to the construction of a new production facility in Texas, dedicated to the manufacturing of liquid fertilizers under the company’s Tidal Grow Agriscience division. This expansion into the agricultural sector underscores Tidal Vision’s commitment to providing sustainable solutions for a wide range of industries. The funding will also support ongoing research and development efforts, allowing the company to explore new applications for chitosan and further refine its production processes.
The journey of Tidal Vision from a concept born on a fishing boat to a multi-million dollar company is a testament to the vision and dedication of its founders. Craig Kasberg’s firsthand experience in the fishing industry provided him with a unique perspective on the challenges of seafood waste and the potential for sustainable solutions. His entrepreneurial spirit, combined with Zach Wilkinson’s strategic acumen, has propelled Tidal Vision to its current position as a prominent player in the green chemistry sector. The company’s rapid growth, evidenced by its expanding headcount of 287 employees and the acquisition of Clear Water Services, an early customer and provider of water cleaning devices and services, further highlights its trajectory of success.
The acquisition of Clear Water Services in 2023 represents a strategic move by Tidal Vision to vertically integrate its operations and expand its reach into the water treatment market. By incorporating Clear Water Services’ expertise and technology, Tidal Vision can offer a comprehensive suite of water purification solutions, combining its chitosan-based cleaning chemicals with advanced water treatment devices. This synergy creates a powerful platform for delivering effective and sustainable water treatment solutions to a wider range of customers. The acquisition also strengthens Tidal Vision’s position in the rapidly growing market for environmentally friendly water treatment technologies, driven by increasing concerns about water scarcity and pollution.
The $140 million Series B funding comprises a combination of new investments and the conversion of previously issued notes into equity. Approximately half of the total amount represents fresh capital, while the remaining portion reflects the conversion of existing debt into ownership stakes. This structure demonstrates the continued support of existing investors and the confidence of new investors in Tidal Vision’s long-term prospects. The funding will enable the company to accelerate its growth trajectory, further develop its innovative technologies, and expand its impact on industries seeking sustainable alternatives to traditional chemical processes. As Tidal Vision continues to innovate and scale its operations, it is poised to become a leading force in the transition towards a more sustainable and environmentally responsible future.
