Bureo Raises Series B Funding Led by Toyota Tsusho Corporation in its Mission to Combat Fishing Net Pollution
Summary
California-based B Corp, Bureo, at the forefront of combatting fishing net pollution, has successfully concluded its Series B funding round. The investment was spearheaded by Toyota Tsusho Corporation, with support from Mirova, Ocean 14 Capital, Conservation International Ventures, and Susquehanna Foundation. The company collaborates directly with fishing communities, offering resources for the responsible disposal of nets that have reached the end of their life cycle. The company is actively operating in seven countries across the Americas, including the United States, Mexico, Panama, Ecuador, Peru, Chile, and Argentina.Additionally, the funding will support the development of an advanced traceability system, incorporating QR codes to provide source information for fishing nets throughout the NetPlus material supply chain. Notable brands utilizing NetPlus recycled nylon in their products include Patagonia, Costa, Yeti, Rivian, Outerknown, Trek, Quicksilver, Orvis, and more.