Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe Log In

Oceano Fresco raises €2.7 million for offshore clam farm

ImpactAlpha, November 11 – Companies building the sustainable protein pipeline are hot among venture capital firms these days. Portugal’s Oceano Fresco is entering the scene with a relatively unique product: farmed clams.

“We don’t need to only look for alternative protein solutions to meet the world’s food demands. Nature already has solutions,” Ocean Fresco’s Bernardo Ferreira de Carvalho told ImpactAlpha.

Bivalves, like clams, are a viable, sustainable option because they’re simple, low-energy species that provide high quality, healthy protein with minimal inputs and no antibiotics. “Plus they filter the water so they are good for the sea environment,” Carvalho added.

Oceano Fresco’s €2.7 million ($3 million) capital infusion, backed by Portuguese “bioeconomy” venture capital firm BlueCrow Capital, will go to developing its first off-shore farm. There, the company will grow two clam species that are native to southern Europe, whose natural habitat is threatened by invasive clam species from Asia.

It will open the farm in October 2020, and will begin harvesting clams for sale across southern Europe in 2022 or 2023, once the first batch of clams mature.

You might also like...