"Burda Principal Investments Leads $16M Series A Funding for Seaweed-Based Plastic Alternative Innovator Uluu"

"Burda Principal Investments led a $16 million Series A funding round for Uluu, a company creating seaweed-based alternatives to plastic, with support from other investors. Latham & Watkins advised Burda on the investment."

Latham & Watkins participated in the transaction, advising Burda Principal Investments as the lead investor. The transaction involved a US$16 million Series A funding round for Uluu, a company innovating by transforming seaweed into a natural alternative to plastic. The funding round was led by Burda Principal Investments, with additional participation from Main Sequence, Novel Investments, Startmate, and a consortium of impact and family investors including Fairground and Trinity Ventures. The Latham & Watkins team was led by London corporate partner Shing Lo, with associate Becky Wee.

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"Burda Principal Investments Leads $16M Series A Funding for Seaweed-Based Plastic Alternative Innovator Uluu"

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