OCEAN APPROVED INC

Biddeford, ME · Agritech · Private

Commercial-scale dulse (red seaweed) aquaculture cultivation system and methods

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Updated

Sector
Agritech
Headquarters
Biddeford, ME
Latest Form D
$380K, Jul 2025
Total capital
$12.4M
Federal grants
$174K
1 award · 2025
Rank in peer group#40 of 41
Private capital raised
$11.9M
10 Form D · last Jul 2025
15 months since last filing
Federal contracts
$395K
1 award · Commerce
Rank in Agritech#54 of 882
Granted patents
None on recordNo USPTO grants. Applications publish after 18 months.

Capital timeline

20102012201420162018202020222024FEDERAL ↑EQUITY ↓Cumulative $15.9M$395K$174K
2010201420182022FEDERAL ↑EQUITY ↓Cumulative $15.9M$395K$174K

Latest events

  • Federal grantAgriculture · What Is The Problem?aquaculture Is Agriculture, And Globally The Seaweed Aquaculture Business Has An Annual Value Of Over $17 Billion Usd And Is Projected To Grow At A Rate Of 8.2% (cagr) Over The Next Decade. Despite Its Value And Potential To Be An Economic Engine In Coastal Communities, The United States Grows Less Than 0.1% Ofcultivated Seaweed. In Fact, We Import The Majority Of The Seaweed Consumed In This Country. Most Of These Imports Come From Asia, Creating A Trade Deficit. While There$174K
  • Private capital raisedForm D · SEC · 10th filing$380K
  • Private capital raisedForm D · SEC · 9th filing$625K
  • Private capital raisedForm D · SEC · 8th filing$4.3M
  • Offering registeredForm D · SEC · 7th filing$3.5M
  • Private capital raisedForm D · SEC · 6th filing$3.1M
  • Private capital raisedForm D · SEC · 5th filing$695K
  • Private capital raisedForm D · SEC · 4th filing$590K
  • Private capital raisedForm D · SEC · 3rd filing$1.3M
  • Private capital raisedForm D · SEC · 2nd filing$415K
  • Private capital raisedForm D · SEC · 1st filing$366K
Show 1 earlier federal award
  • Federal contractCommerce · Small Business Innovation Research (SBIR) 2010 Phase I Project Proposal - Development Of Native Kelp Culture System Technologies To Support Sea Vegetble Aquaculture In New England Coastal Waters.$395K

Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Federal first

86months

from OCEAN APPROVED INC’s first federal award to its first private round.

First federal award · Jul 2010
Commerce · $395K
First Form D · Sep 2017
$366K · 1st Form D
Awards before first raise
1 award

An association in public records, not a cause or a prediction.

Standing among 41 peers

Line = median

Agritech · System

  • Federal grantsBelow median

Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.

Founders and team

From SEC Form D filings
  • Anthony CampbellDirectorNamed in SEC Form D filings
  • Briana WarnerExecutive Officer, DirectorNamed in SEC Form D filings
  • Chandler JonesDirectorNamed in SEC Form D filings
  • Dean Frost FrostExecutive OfficerNamed in SEC Form D filings
  • James LindsayDirectorNamed in SEC Form D filings
  • James LindseyDirectorNamed in SEC Form D filings
Show all 14 people
  • Jason IngleDirectorNamed in SEC Form D filings
  • Jason JonesDirectorNamed in SEC Form D filings
  • Julia PainoDirectorNamed in SEC Form D filings
  • Lisa SebestaDirectorNamed in SEC Form D filings
  • Mikel DurhamDirectorNamed in SEC Form D filings
  • Nancy PetersonDirectorNamed in SEC Form D filings
  • Paul DobbinsExecutive Officer, DirectorNamed in SEC Form D filings
  • Stephen GoldbergDirectorNamed in SEC Form D filings

What it has protected

No granted patents are on record.

USPTO usually publishes applications 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won’t match.

Checked: USPTO granted patents and published applications · Oct 23, 2026

Regulatory activity · Agritech

Sector-level, not company-level

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.

Sources

Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.

How to read this page

Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.

Data freshness

SEC Form D filings through . SBIR and STTR awards through .