Vinted-backer invests in startup turning seaweed into plastic: 'Replaces fossil fuels'
30 okt. 2025
09:51
After much hype, the seaweed sector has cooled off significantly. However, one startup from Australia is bucking the trend.
Uluu has just secured fresh funds at a valuation north of $100m from the investment arm of one of Germany's richest families.
Uluu has just secured fresh funds at a valuation north of $100m from the investment arm of one of Germany's richest families.
Burda Principal Investments (BPI), the growth equity arm of the German billionaire-owned Hubert Burda Media group, has led a $13.6m investment in Australian seaweed-to-plastic startup Uluu.
BPI, which has the likes of Vinted and Nord Security in its portfolio, was joined in the round by Main Sequence, the family office of Novetex Textiles founder and billionaire Ronna Chao. The new funding round values the Uluu at over $100m.