![Blue Earth announces Waterhaul’s investment to propel ocean health & environmental impact](/sites/default/files/2024-07/Blue%20Earth%20announces%20Waterhaul%E2%80%99s%20investment%20to%20propel%20ocean%20health%20%26%20environmental%20impact.png)
Blue Earth announces Waterhaul’s investment to propel ocean health & environmental impact
From the rugged coasts of Cornwall, Waterhaul emerges as a beacon of innovation in the battle against plastic pollution. Transforming discarded fishing nets into stylish sunglasses, this enterprise embodies sustainable change.
Founded by Harry Dennis, Waterhaul repurposes oceanic waste into valuable products, directly addressing plastic pollution. The company promotes sustainability through community-focused initiatives and innovative business practices.
With support from Blue Earth, Waterhaul announced a successful fundraising round, securing £981,390. This includes £454,976 from angel investors, £200,000 from the Cornwall & Isles of Scilly Investment Fund, a £161,000 partnership with Broody, and £165,414 from a community-driven crowdfunding campaign.
As it looks to the future, Waterhaul aims to expand their recycling operations and global reach. The recent crowdfunding success highlights the strength and support of its community, with over 69% of customers engaging in direct action against plastic pollution, inspired by Waterhaul’s dedication and transparency.
“Our future is clearly focused on scaling our impact. We are enhancing our collection networks, increasing our recycling capacity, and continuing to innovate in product development,” Harry details. The community’s transition from supporters to shareholders has further solidified this mission, embedding Waterhaul’s objectives in the fabric of a broader environmental movement.
Celebrating the Blue Earth Summit Partnership
The turning point for Waterhaul came with their participation in Blue Earth Summit, a convergence of minds and missions aligned with environmental stewardship and innovative business solutions. It was here that Waterhaul not only showcased their sustainable products but also their scalable business model, which attracted significant attention and investment.
Harry recalls, “Presenting at Blue Earth Summit was not merely an opportunity; it was a critical moment of validation for our methods and mission. This event connected us with our first major investor, sparking a wave of support that has been essential for our growth.” The summit not only reaffirmed Waterhaul’s commitment to environmental impact, securing investment, but also solidified a lasting partnership with Kia. This partnership has continued to provide valuable platforms for visibility and networking. Blue Earth’s Ventures team played a pivotal role in supporting Waterhaul’s successful funding round, which raised £981,390 from a combination of strategic angel investors, institutional funds, and public contributions.
Harry added, “The Blue Earth team guided us every step of the way through the funding process, enhancing both its efficiency and success. Their introduction to an expansive network led to ongoing partnerships, topping off our achievements. We are now exceptionally well-positioned to execute our growth plan, backed by solid funding, strategic support, and a heightened awareness of our initiatives.”