ImpactAlpha, April 1 – Dutch sustainable aquaculture investor Aqua-Spark led Israel-based water treatment startup BioFishency’s $2.4 million funding round and invested an undisclosed amount in Norway-based fish feed company Molofeed. The two investments bring Aqua-Spark’s total portfolio to 16 companies.
BioFishency is a tech company developing water filtration systems for land-based aquaculture operations. The company makes biofilters to help farm managers prevent excessive toxins from building up in confined tanks, and keep the water sufficiently oxygenated. Its systems also help farm managers cut down on the amount of water their farms require.
Molofeed is among a growing number of insect-based fish and animal feed producers. What makes the company unique is its delivery mechanism: a “proprietary micro-encapsulation technology”—feed capsules that provide a slow release of nutrients. Molofeed is trying to off-set the need for live-feed on fish farms, which is more expensive and carries disease-risk.
Aqua-Spark launched in 2013 to accelerate companies helping to advance aquaculture sustainability. It has €72.5 million ($81.4 million) in assets under management, AgFunderNews reports.