Coral Vita, a coral reef restoration company that employs techniques to grow coral up to 50 times faster than in nature, announced it raised over $8 million in Series A funding, making them one of the first coral restoration-focused companies to reach this significant investment stage. The funding round was led by Builders Vision, founded by Walmart heir Lukas Walton, with participation from leading impact investors including Katapult Ocean, iAlumbra, Aureolis Ventures, Colorado Coral, and Rising Tide. Wilson Sonsini Goodrich & Rosati advised Coral Vita on the transaction.

This funding will be used to accelerate Coral Vita’s expansion of restoration-as-a-service offerings and technology licensing.

The Wilson Sonsini team that advised Coral Vita on the transaction includes Bob O’Connor, Virginia Milner, Angela Chan, Annie Xu, and Kristy Strohm.

For more information, please see Coral Vita’s news release.