€6.1 million will fund the production of clam species native to Europe and marketplace logistics
Oceano Fresco S.A., a Nazaré, Portugal-based producer of clams native to Europe, closed a €6.1 million Series B financing round led by investment firm Aqua-Spark and Semapa NEXT, the venture capital arm of Semapa.
Oceano Fresco uses cutting-edge tools and a science-based approach to breed native European clams, namely of the species V. corrugata and R. decussatus.
The company boasts a state-of-the-art Biomarine Center, which includes a hatchery, as well as what it says is the world’s first open-sea clam farm off the coast of the Algarve. With this investment, Oceano Fresco will grow its operations and build its first storage and packaging facilities. Expansion will focus on the Spain and Portugal markets initially.
“It’s very exciting to have such renowned, seasoned investors as Aqua-Spark and Semapa NEXT on board with Oceano Fresco,” said Bernardo Ferreira de Carvalho, founder and CEO of Oceano Fresco. “They share our vision for sustainable food and the importance of innovation to deliver it. We got this far thanks to our exceptional team. The future looks very bright indeed.”
“We’re pleased to be among the investors leading Oceano Fresco’s Series B as we have been looking for the right bivalve operation to invest in since we launched,” said Mike Velings and Amy Novogratz, co-founders of Aqua-Spark. “Oceano Fresco stood out to us as a best-in-class example of shellfish farming with the potential to scale and shift the industry towards more sustainability and transparency.”
Semapa NEXT has a mission to support exceptional teams that are positively changing the world we live in. More than just an investor, Semapa NEXT acts as a long-term partner, investing with patient capital and bringing a mix of entrepreneurial, operational, and financial experience to investments. Oceano Fresco shares Semapa NEXT’s values with a vision to reinvent bivalve aquaculture.
Investors see a flurry of activity putting aquaculture on fast-forward
“One of Semapa NEXT’s strategic priorities is to invest in companies that are well-positioned to address the sustainability imperative with scalable and economically viable solutions,” said Ricardo Pires, CEO at Semapa NEXT. “Oceano Fresco is completely aligned with this vision as it is bringing clam production to the 21st century through a fully integrated, scalable, sustainable and science-based approach. We are looking forward to working alongside this exceptional team in the upcoming growth wave, as it scales production and continues introducing innovative solutions to address the consumers’ ever-increasing demand for tasty and sustainable protein.”
Launched in 2014, Aqua-Spark has invested in 23 complementary small- to medium-sized enterprises across the aquaculture value chain, all operating as a cohesive and collaborative “ecosystem.” Aqua-Spark has €220 million in assets under management.
Follow the Advocate on Twitter @GSA_Advocate
Now that you've reached the end of the article ...
… please consider supporting GSA’s mission to advance responsible seafood practices through education, advocacy and third-party assurances. The Advocate aims to document the evolution of responsible seafood practices and share the expansive knowledge of our vast network of contributors.
By becoming a Global Seafood Alliance member, you’re ensuring that all of the pre-competitive work we do through member benefits, resources and events can continue. Individual membership costs just $50 a year.
Not a GSA member? Join us.
Author
-
Responsible Seafood Advocate
[103,114,111,46,100,111,111,102,97,101,115,108,97,98,111,108,103,64,114,111,116,105,100,101]
Tagged With
Related Posts
Innovation & Investment
Aqua-Spark acquires stake in biotech company Hofseth Biocare
Aqua-Spark has acquired a stake in Norwegian biotech company Hofseth Biocare, which valorizes farmed salmon byproducts for consumer goods.
Innovation & Investment
Aqua-Spark report: Tilapia aquaculture key to food security across sub-Saharan Africa
A new Aqua Insights Report from Aqua-Spark finds that tilapia aquaculture is key to food security across sub-Saharan Africa.
Innovation & Investment
Aquaculture Exchange: Mike Velings, Aqua-Spark
Dutch investment firm Aqua-Spark has in just two years developed a modest portfolio, but a strategy that is poised for growth and impact across the entire aquaculture value chain, its CEO and co-founder told the Advocate.
Innovation & Investment
Proteon Pharmaceuticals poised to grow its bacteriophage products for aquaculture
Bacteriophage producer nets €21 million to accelerate the commercialization of its products, which aim to reduce antibiotic usage in aquaculture.