Kochi University Spin-off Sanshiki Raises 80 Million Yen in Pre-Seed Round to Tackle Bovine Methane Emissions
Overview of Funding
Sanshiki Co., Ltd. has successfully raised a total of 80 million yen in a pre-seed funding round. This round was led by the Circular Economy & Nature Positive No. 1 Investment Business Limited Partnership, with participation from Ando, Corporation.
About Sanshiki Co., Ltd.
Sanshiki is a startup originating from Kochi University. To curb the emission of methane gas (which has a global warming potential approximately 28 times that of CO2) contained in the burps of ruminants like cattle, the company is working on commercializing feed utilizing Asparagopsis taxiformis (Kagikenori). Leveraging its proprietary land-based aquaculture technology, Sanshiki has succeeded in stable production using commercial-scale test tanks.
Purpose of Funding and Future Outlook
The newly raised capital will be allocated toward the following three key areas:
- Expanding production infrastructure
- Research and development aimed at product commercialization
- Strengthening the organizational structure to support business growth
Beyond commercializing the seaweed feed, the company advocates for a "Seaweed Platform Initiative" to utilize seaweed as a novel resource, aiming to balance climate change mitigation with sustainable resource development.
List of Investors
- Circular Economy & Nature Positive No. 1 Investment Business Limited Partnership
- Ando, Corporation