- The company’s early growth is particularly focused on the aquafeed market for fish farms.
- The C$10 million (US$8 million) round… was backed by sustainable aquaculture fund Aqua-Spark, Obvious Ventures and Real Ventures. Real Ventures previously led XpertSea’s C$1.25 million seed round in 2015.
- Big secular trend... Bain Capital Double Impact believes it is at the forefront of an impactful trend.
- Hungry for sustainable food... The impact fund has made two investments in the past week in healthy, sustainable restaurant ventures.
- Displacing unsustainable... As part of its impact management process, Bain tracks "unsustainable meals displaced"...
- Hatch says... it is the first accelerator specifically for aquaculture.
- Aqua-Spark... invests in small and mid-size sustainable fishing ventures...
The Meloy Fund, which is investing in coastal and fishing communities in Indonesia and the Philippines, has closed a $7 million capital investment from the Global Environment Facility and family office Ceniarth, after raising $10 million in August. The fundraising also includes a USAID guarantee for the fund’s investors. The Meloy Fund is managed by conservation
This year’s winners include: EnerGaia, which is rooftop farming spirulina algae in Bangkok, and Sustainable Fishery Trade, which is cultivating fair and sustainable trade among South America’s artisanal fisheries and working to make octopus processing more inclusive of women. The Fish 2.0 competition, now completing its third cycle, connects sustainable seafood ventures with investors. Eight winners
The Dutch aquaculture fund has made 15 sustainable aquaculture investments over the last two years. Poland-based Proteon has developed an antibiotic-free method of killing bacteria like salmonella in fish and poultry. Aqua-Spark was the sole investor in its $4.1 million Series A round. “We’ve been looking at disease-battling companies from the beginning,” Aqua-Spark co-founder Mike Velings told