Financials

Seeking

£600k

Projected Runway

9 months

Pre-money Valuation

£3m

Committed so far

£200k

financials

Use of Funds

To launch operations in the Caribbean and run both lab and deep ocean tests

Exit Strategy

The most likely exit is via an IPO. We expect we will also be attractive to a trade buyer, probably a large oil company that’s looking beyond the world of fossil fuels. This will highly likely create a moral dilemma that will only be resolved if the oil company can demonstrate this is part of their divestment away from oil.

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