Coral reefs support 25% of marine life and up to one billion people's livelihoods while generating nearly $30 billion annually through tourism, fisheries, and coastal protection. But these rich ecosystems are in serious jeopardy: over half of global reefs died over the past several decades and more than 90% are on track to die by 2050.
Coral Vita provides solutions for communities, companies, and countries dependent upon healthy reefs to protect their livelihoods and revenue streams.
Co-founded by friends Sam Teicher and Gator Halpern, we are driven by our lifelong connections to the oceans, and aim to give coral reefs the chance to survive changing conditions that threaten their existence.
Coral Vita uses accelerated coral farming to preserve and enhance threatened reefs. Our corals are chosen because they are local to the restoration site and proven by marine scientists to be more resilient to changing conditions, such as warming temperatures and acidification.
We will assess your reef's health, determine what corals should be grown to revive it, raise these corals in our on-land nurseries, install them into the reef once they are mature, and monitor their progress after installation for a time pre-determined with you.
According to the US National Oceanic and Atmospheric Administration (NOAA), coral reefs generate nearly $30 billion annually through tourism, fisheries, and coastal protection. They create 15% of GDP for over two dozen countries, provide food security for hundreds of millions of people living in tropical coastal zones, and buffer coastlines for storm surges and erosion, reducing wave energy by up to 97%.
All of this value is jeopardized by coral reef degradation. Dying corals threaten ecosystems and economies. If a region's reefs are not revived, tourists seeking dive and snorkel experiences will skip its hotels for other islands, fisheries reliant upon reefs as nurseries will face collapse, and coastal residents and properties will be more exposed to rising seas and stronger storms. Whether you are a government that needs to protect its economy and citizenry, a resort that doesn't want to lose its valuable attraction, a reef restoration based-organization looking to reduce overhead, or a corporation or individual looking to invest in ways to benefit the planet, Coral Vita has a solution for reviving reef health.
Email info@coralvita.co for any questions.
Location: The Bahamas, West Grand Bahama, Freeport
Total raised: $3.372742M
Founded date: 2015
Investors 4
Date | Name | Website |
- | Sustainabl... | soalliance... |
- | Envest | envest.ear... |
- | Kayak Vent... | kayak.vent... |
- | Unruly Cap... | unrulycap.... |
Funding Rounds 2
Date | Series | Amount | Investors | Deal News |
17.10.2021 | - | $1.372742M | - | - |
25.01.2021 | Seed | $2M | - | techcrunch... |
Mentions in press and media 8
Date | Title | Description | Source |
08.06.2023 | This World Ocean Day, Cariuma Partners with Coral Vita to La... | In honor of World Ocean Day, sustainable sneaker brand Cariuma announces it is partnering with Coral... | vegconomis... |
26.12.2021 | This Company’s Adoption Program Lets You Foster A Baby Coral... | Coral Vita, a land-based social enterprise in the Bahamas that grows resilient corals to restore ...... | forbes.com... |
18.10.2021 | Project That Uses Special Tanks to Grow Corals Win Prince Wi... | Isabella James, Tech Times 18 October 2021, 01:10 am A project by Coral Vita is one of the five win... | techtimes.... |
25.01.2021 | Coral Vita Raises US$2M To Expand Its Coral Reef Restoration... | 1 1 Share 5 Mins Read Coral Vita, a company that grows corals to restore dying reefs recently ra... | greenqueen... |
05.01.2021 | Coral Vita cultivates $2M seed to take its reef restoration ... | Coral reefs all over the world are struggling to survive, with millions of people and billions of do... | techcrunch... |
05.01.2021 | Coral Vita cultivates $2M seed to take its reef restoration ... | - | envest.ear... |
16.10.2019 | In the Accelerator over the Sea | In our oceans the scale of disasters is measured in millions, billions, and trillions, while solutio... | techcrunch... |
09.09.2016 | 8 impact-minded startups that might ‘change the world’: Halc... | The Georgetown-based Halcyon Incubator celebrated the commencement of a new cohort on Thursday with ... | technical.... |