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Fishpeople Seafood raises $12 million to meet growing demand for sustainable seafood

Fishpeople Seafood has raised $12 million to meet the growing demand for sustainable seafood.

The Portland, Ore., B-Corp, buys from local, small-scale fishermen and delivers Seafood Kits, fillets and soups to grocery stores and restaurants.

New Orleans-based Advantage Capital Agribusiness Partners led the Series B round, joined by longtime Fishpeople partner 3×5 Partners and impact investors Encourage Capital, S2G Ventures, Blueberry Ventures and Collaborative Fund.

Venture capital for seafood startups and aquaculture technology grew to $193 million last year (see, “Year of the Oceans”).

“The seafood industry is one of the last to see meaningful improvements in product quality or sustainability, so we are excited to work with a group of people that is so dedicated to providing better options and full traceability for consumers,” said ACAP’S Tyler Mayoras.

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