ImpactAlpha, July 10 — Indonesian aquaculture tech venture eFishery has raised $200 million from ResponsAbility, Malaysian public pension fund Kumpulan Wang Persaraan, Abu Dhabi-based 42XFund and other investors. The company says the Series D financing brings its valuation to over $1 billion, making it an early aquaculture unicorn.
eFishery provides feed, supplies and access to finance and markets, to more than 70,000 smallholder fish and shrimp farmers in Indonesia. Indonesia has the second-largest aquaculture hub in the world (behind China), producing 5.8 million tons of fish each year.
“With our ocean approaching the brink of species collapse, this increase must come from sustainable sources: namely aquaculture,” said Amy Novogratz and Mike Velings of Aqua-Spark, an early backer of eFishery. The planet is expected to consume nearly 20% more fish by 2030. Investors in the round include