ImpactAlpha, October 26 – Oslo-based CageEye makes sensors that monitor salmon farms by tracking fish movements. The information allows fish farmers to improve decision-making and automate tasks like feeding, which improves efficiency and reduces costs. (Feed is the biggest input cost for aquaculture operations.) Sustainable seafood venture fund Aqua-Spark has invested an undisclosed amount in the company, providing
- Conservation organization Rare developed the fund around a mission to supporting sustainable coastal fisheries—both in terms of ecological and livelihood impact—in Indonesia and the Philippines.
- Today’s solid pipeline of investible companies is due in no small part to the Fish 2.0 competition, which has helped dozens of companies hone their business plans and connect with investors.
- More than half of the plastics in the ocean comes from South and Southeast Asia
Financing ecosystem conservation deals is complicated enough, what with the need for local partnerships, sustainable commodity production, payments for ecosystem services, and ways to improve local livelihoods. Financing such projects in coastal communities and marine environments is even more complex. There are no more than a handful of impact funds targeting ocean investments, and countries
- Lab-grown meat startups haven’t yet put any products on the market, but the spectrum of products in development is diversifying.
- The company’s early growth is particularly focused on the aquafeed market for fish farms.