ImpactAlpha, December 5 — Utrecht-based impact fund Aqua-Spark has secured a €15 million ($15.8 million) investment from Singapore-based family office Silverstrand Capital. The allocation follows Silverstrand’s 2020 investment of €10 million ($10.5 million).
Silverstrand’s Kevin Chiu will join Aqua-Spark’s advisory board and Patti Chiu will sit on its investment committee.
Aqua-Spark manages €450 million in sustainable aquaculture investments for more than 300 investors in over 25 countries. Recent investments include African tilapia farm operator Lake Harvest and Portuguese sustainable seafood company Oceano Fresco.
Husband-and-wife impact investors Amy Novogratz and Mike Velings launched Aqua-Spark in 2013 to meet the world’s growing demand for protein.
“Fish supply 17% of the world’s protein, and by 2030 the planet is expected to eat nearly 20% more fish,” said Novogratz and Velings. “With our ocean approaching the brink of species collapse, this increase must come from sustainable sources: namely aquaculture.”