The physicochemical properties and immunomodulatory effects of polysaccharides isolated from the sea squirt Styela plicata were investigated. The crude polysaccharide (SP) was further fractionated into an unabsorbed fraction (SF-1) and absorbed fractions (SF-2 and SF3) to isolate polysaccharides with different molecular weights. The major constituents in the crude and fractionated polysaccharides were total carbohydrate (28.03-42.65%), uronic acid (9.88-23.76%), sulfate (18.03-29.25%), and protein (1.48-26.47%). The average molecular weights of the fractionated polysaccharides ranged from 28 to 1,187 kDa. The significant monosaccharide components of the polysaccharides were galactose (27.91-62.21%), glucose (14.79-37.63%), and glucosamine (10.74-28.31%). FT-IR analysis indicates that SP, SF-1, SF-2, and SF-3 were sulfated polysaccharides. SF-1 increased the production of nitric oxide and cytokines, such as tumor necrosis factor alpha and interleukin 6, in a dose-dependent manner in RAW 264.7 cells. Further, polymerase chain reaction analysis revealed that the mRNA expression of inducible NO synthase (iNOS) and cyclooxygenase-2 (COX-2) was markedly increased. These results indicate that SF-1 can enhance the activation of macrophages and that increasing the molecular weight and the uronic acid and sulfate content of fractionated polysaccharides can enhance their immunomodulatory function.