The company raised an undisclosed amount of Series D venture funding led by Wheatsheaf Investments on June 13, 2018. Rabo Ventures and Firelake Capital Management also participated in the round. The company intends to use the funding to help spearhead the company's future development, build the team, increase production of BluBuoys, to finance costs associated with the development of a high-throughput packaging line and to expand into Europe through the launch of a Norwegian subsidiary.
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