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- Tidal Vision
Tidal Vision Valuation, Funding & Investors
Tidal Vision is valued at $650M as of November 2022.
Last Tidal Vision valuation
$650M
Series A · Nov 2022
Last Tidal Vision funding round
$140M
Series B · Feb 2025
Cumulative funding Tidal Vision raised
$344M
across 4 funding rounds
Key investors in Tidal Vision
SOSV
IndieBio
Swen Capital Partners
MBX Capital
Puget Sound Venture Club
Eni Next
About Tidal Vision
Tidal Vision is a Bellingham-headquartered producer of industrial chitosan derived from Pacific Northwest crab shells. Its zero-waste enzymatic process yields high-purity biopolymer for water treatment, agriculture seed coatings, and wound dressings. The company supplies formulas to DuPont and BASF, processing over 10 million pounds of shellfish waste annually from Alaska fisheries.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$650M (Nov 2022)
Tidal Vision Valuation
Tidal Vision is currently valued at $650M, based on its Series A in November 2022.
Tidal Vision valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2022 | Series A | $650M |
Tidal Vision Funding History
Tidal Vision has raised a total of $344M across 4 funding rounds.
Tidal Vision's first fundraising round was a $9M Series A in December 2021. The most recent completed round was a $140M Series B in February 2025.
Tidal Vision funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Series B | MBX Capital; Swen Capital Partners; KIRKBI; Milliken & Company; IDO Investments; Cambridge Companies; Eni Next; Convent Capital | $140M | - | Tidal Vision, a Bellingham, Washington-based biotechnology company founded in 2015 by Craig Kasberg and Zach Wilkinson, specializes in scalable chitosan-based chemistries derived from crustacean shells using a proprietary zero-waste extraction process. This eco-friendly method eliminates hazardous byproducts, reduces costs, and enables high-quality, competitively priced solutions for industries including water treatment, agriculture, textiles, industrial coatings, pulp and paper, and food. The company transforms chitosan into optimized, ready-to-use formulas to replace synthetic chemicals with sustainable alternatives, driving environmental impact by reducing waste and resource dependency. On February 5, 2025, Tidal Vision closed an oversubscribed $140 million Series B financing round, exceeding its target due to strong demand from investors including Cambridge Companies SPG (lead), Eni Next, Milliken & Company, KIRKBI Climate, Convent Capital, SWEN Capital Partners' Blue Ocean Fund, MBX Capital, and Oman Investment Authority's IDO Investments. The round, described as growth equity, brings the company's total funding to nearly $224 million. Cambridge Companies SPG's Managing Partner Filipp Chebotarev highlighted Tidal Vision's global leadership in chitosan extraction, modification, characterization, and commercial applications across sectors. Proceeds will fund expansion of production capacities, research and development in chitosan and adjacent technologies, and new facilities in Europe, Texas, and Ohio, alongside existing sites in Bellingham, South Carolina, and a recently announced Texas plant for Tidal Grow Agriscience liquid fertilizers. CEO Craig Kasberg emphasized accelerating the mission to outcompete traditional solutions and serve critical industries providing clean water, agriculture production, and essential materials. The funding strengthens global infrastructure to enhance accessibility, performance, economics, and adoption of chitosan solutions. Tidal Vision positions itself as a pioneer in biomolecular solutions, supporting the transition to cleaner industrial practices. It was a finalist in the Sustainable Innovation of the Year at the GeekWire Awards the prior year and continues to build its intellectual property portfolio while scaling operations worldwide. |
| May 2024 | Undisclosed stage | - | $189M | - | Tidal Vision is a biotechnology company founded in 2015 and based in Bellingham, Washington, that transforms critical industries through chitosan-based chemistries. The company extracts chitosan, a nontoxic biopolymer derived from crab shells, to create sustainable solutions for water treatment, agriculture, and textiles, aiming to replace toxic and non-biodegradable materials. In May 2024, Tidal Vision disclosed $46.7 million in new funding; sources indicate this reflected a combination of newly raised capital and the conversion of previously issued convertible notes into equity. The company has raised a total of approximately $224 million to $373.95 million across multiple rounds as of early 2025, culminating in a $140 million Series B-II financing round that closed on November 25, 2024, led by Cambridge Companies SPG and including strategic investors such as Eni Next, Milliken & Company, KIRKBI Climate, Convent Capital, and others. The Series B-II funding will support expansion of global infrastructure with new facilities in Europe, Texas, and Ohio, as well as acceleration of research and development in chitosan and adjacent technologies. As of October 2025, Tidal Vision was valued at $642.3 million with a capital efficiency ratio of 2.70x, indicating the company has achieved a valuation 2.70 times its total capital raised. |
| Nov 2022 | Series A | - | $6M | $650M | Tidal Vision develops technology to extract chitin from seafood waste for sustainable materials in climate tech applications. The company raised $125M in a Series B funding round at a $650M valuation, led by Breakthrough Energy Ventures with participation from DBL Partners. Funds are allocated to accelerate product development, expand the team, and scale operations globally. Headquartered in Seattle, WA, and founded in 2021, Tidal Vision employs over 90 people and focuses on chitin extraction for various materials. |
| Dec 2021 | Series A | IndieBio; TELUS Pollinator Fund for Good; SOSV; Puget Sound Venture Club | $9M | - | - |
Who has invested in Tidal Vision?
12 investors have backed Tidal Vision across its funding rounds, including SOSV, IndieBio, Swen Capital Partners, MBX Capital, Puget Sound Venture Club and Eni Next.
Tidal Vision Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Feb 2025 | ||
This data is available for Pro users. Sign up to see all 12 Tidal Vision investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Tidal Vision
Tidal Vision has acquired 2 companies to date.
Last acquisition by Tidal Vision was on August 8th 2023. Tidal Vision acquired Clear Water Services for undisclosed valuation.
Latest Acquisitions by Tidal Vision
| Description | Clear Water Services is a Lynnwood-headquartered provider of stormwater and wastewater treatment systems. Founded in 1998, the company designs, builds, and operates mobile units for construction sites, mining, oil and gas, and industrial facilities. Services address turbidity, metals, hydrocarbons, and nutrients through chemical dosing and filtration. Clear Water Services manages NPDES permits, SPCC plans, and large-scale dewatering for reservoirs and highways in the Pacific Northwest. | ViaeX is a developer of biological nanofiltration systems for purifying water and air. Its biodegradable membranes target specific pollutants and bacteria with 400 percent greater efficiency than conventional filters. Originating from research at UC Berkeley and UC San Diego, the Emeryville-based company offers scalable solutions for industrial and municipal clients facing pollution challenges. ViaeX systems reduce energy consumption while enabling rapid deployment in urban environments worldwide. |
| HQ Country | ||
| HQ City | Seattle, WA | San Francisco, CA |
| Deal Date | 8 Aug 2023 | 6 Apr 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Tidal Vision acquisitions and their M&A valuation multiples. Start Free Trial | ||
Tidal Vision Competitors
Tidal Vision competitors include listed companies like Gujarat State Fertilizers, Grupa Azoty, Intrepid Potash and Itafos, and private ones like Meati and The EVERY Company.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $97M | $633M | 0.4x | ||
| Publicly listed | $3.5B | ($865M) | $532M | 0.9x | ||
| Publicly listed | $298M | $50M | $531M | 1.3x | ||
| Publicly listed | $558M | $189M | $335M | 0.6x | ||
| Private | - | - | $650M | - | ||
| Private | - | - | $586M | - |
Tidal Vision Public Comps
Tidal Vision is still privately-owned, but its public comps include Braskem, Gujarat State Fertilizers, AECI, Anhui Huaheng, Tronox Holdings, Messer Tehnogas, SK Chemicals, Explosifs et Produits Chimiques, SGL Carbon and SK Discovery Co.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $14B | $1.2B | 0.9x | 0.9x | 10.3x | 8.0x | |||
| $1.1B | $97M | 0.4x | 0.4x | 5.1x | 6.0x | |||
| $2B | $159M | 0.4x | 0.4x | 4.6x | 3.4x | |||
| $427M | $56M | 2.1x | 2.0x | 16.2x | 12.1x | |||
| $2.9B | $15M | 1.4x | 1.2x | 262.5x | 11.6x | |||
| $214M | $74M | 2.3x | - | 6.7x | - | |||
| $1.7B | $168M | 1.0x | 0.9x | 10.5x | 10.0x | |||
| $621M | $84M | 1.3x | 1.2x | 9.5x | 9.0x | |||
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Common questions about Tidal Vision
| When was Tidal Vision founded? | Tidal Vision was founded in 2015. |
| Where is Tidal Vision headquartered? | Tidal Vision is headquartered in Seattle, WA, United States. |
| Is Tidal Vision publicly listed? | No, Tidal Vision is a private, VC-backed company. |
| What is Tidal Vision's valuation? | Tidal Vision was last valued at $650M in its Series A in November 2022. |
| How much funding has Tidal Vision raised? | Tidal Vision has raised $344M across 4 funding rounds. |
| What was Tidal Vision's last funding round? | Tidal Vision's last funding round was a $140M Series B in February 2025. |
| Who are Tidal Vision's investors? | Tidal Vision's investors include MBX Capital, Swen Capital Partners, IndieBio, KIRKBI, Milliken & Company, IDO Investments, Cambridge Companies, TELUS Pollinator Fund for Good, SOSV, Eni Next and 2 others. |
| Which companies are comparable to Tidal Vision? | Companies comparable to Tidal Vision include Gujarat State Fertilizers, Grupa Azoty, Intrepid Potash, Itafos, Meati and The EVERY Company. |
| How many companies has Tidal Vision acquired? | Tidal Vision has acquired 2 companies, including Clear Water Services and ViaeX. |
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