Ulva seaweed fronds in water

Venus Shell Systems

Science From the Sea. Solutions for Life.

From seaweed to skincare, nutrition, and beyond

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VSS in numbers

FY26 revenue
$8.85M

5.8× on FY25

Gross margin
47.6%

from negative in FY25

Orders
93,000

up from 13,500

New customers
56,326

in the year

Powered by Seaweed

About Venus Shell Systems

Venus Shell Systems is an Australian marine biotechnology company based in Huskisson, NSW. Founded by Dr. Pia Winberg, we develop premium seaweed-derived products for human health and wellness through our consumer brand, PhycoHealth.

Our proprietary SXRG84 extract — an ocean-sourced alternative to hyaluronic acid — is produced at the NSW Marine Biorefinery, where cutting-edge research meets sustainable bioprocessing. Every product is backed by university research partnerships and a zero-waste production model.

Huskisson, NSW

Australia

Marine

Biotechnology

~1,500

Shareholders

What we do

Six operational units, one chain.

Revenue is generated at the sixth step. Value is created at all six — which is why the company captures the margin of a grower, a refiner, a manufacturer and a brand rather than one of the four.

Cultivation

01

Cultivation

Own strain, own technology

Drying & processing

02

Drying & processing

Huskisson

Biorefinery

03

Biorefinery

Sulfated glycans

Formulation

04

Formulation

Three ingredients

Manufacture

05

Manufacture

In-house

Direct sale

06

Direct sale

PhycoHealth · PhycoLife

Crowd-sourced funding offer

Most raises promise growth. This one already delivered it.

Explore the PhycoLife offer and the progress behind our seaweed biotechnology.

$7.00
Price per share
$250
Minimum parcel
22 Oct 2026
Offer closes

OnMarket

Explore the PhycoLife offer

Read the offer details and documents on OnMarket.

View offer on OnMarket

*Always consider the general risk warning & offer document before investing

Membership

Your Shareholder Benefits

As a Venus Shell Systems shareholder, you're part of a community that values science, sustainability, and shared growth.

Shareholder Discount

Enjoy an exclusive discount on all PhycoHealth products as a valued shareholder.

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Portal Access

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Community Updates

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The molecules

Grown, not synthesised.

Our seaweed produces sulfated glycans — complex sugars with a particular affinity for the surfaces that line the human body. Comparable molecules in commercial use are derived from animals, harvested from wild fisheries, or synthesised.

A world-first plant-based alternative to hyaluronic acid, one of the most widely used actives in global skincare. Hyaluronic acid in commercial use is typically produced by bacterial fermentation or derived from animal tissue. Ours is grown.

Phyaluronic®

Research Partners

University of Wollongong

University of Wollongong

Wound Healing

Macquarie University

Macquarie University

Epithelial Health

The University of Sydney

The University of Sydney

Tissue Repair

Marine BioProducts CRC

Marine BioProducts CRC

Indigenous Skincare

Southern Cross University

Southern Cross University

Process Innovation

Facilitated Advancement of Australia's Bioactives

Facilitated Advancement of Australia's Bioactives

Bioactive Translation

Uniquely Australian Foods

Uniquely Australian Foods

Food Innovation

SeaO2 Nanno

SeaO2 Nanno

Omega-3 Nutrition

Every PhycoHealth product helps restore the ocean.

Seaweed naturally produces oxygen

1,500 litres of seawater re-oxygenated for every product

Nutrients transformed into food for gut, skin and planetary health

Because these systems belong together.

Dr. Pia Winberg, founder, CEO and chief scientist

Our Founder

Dr. Pia Winberg

Founder, CEO & Chief Scientist

From marine ecologist to biotech CEO, Dr. Pia Winberg has dedicated over two decades to unlocking the potential of Australian seaweed. Her pioneering research at the NSW Marine Biorefinery in Huskisson has transformed how we think about ocean-sourced health and sustainable bioprocessing.

Recognised with the MBCRC Hall of Fame Award, Pia's work bridges the gap between cutting-edge science and consumer health products — creating value for shareholders while advancing environmental stewardship.

ABC Conversations InterviewMBCRC Hall of Fame

Video

From the Founder

Three videos created by Dr. Pia Winberg illustrating the crowd funding journey of PhycoHealth up to this point. Highlighting marine-derived products in development.

PhycoHealth Investor Pitch VideoSwarmer CSF · September 2023

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