January 26, 2015
The Dutch investment fund, Aqua Spark has announced it will allocate capital to two ‘crucial’ aquaculture investments. The fund will allocate US$4 million to U.S.-based biotechnological feed company, Calysta, and to Chicoa Fish Farm located in Mozambique. Calysta produces feed though a natural methane-eating microbe that produces protein. The process makes a single cell a replacement for fish meal, with the resulting protein being a scalable high-protein feed that increases the level of sustainability within the aquaculture industry. Chicoa Fish Farm is a vertically integrated startup in the fresh water aquaculture industry in Mozambique, which aims to produce protein nutrition while expanding the industry across the continent. Aqua Spark, which was launched in 2013, is the first fund exclusively dedicated to investments in sustainable aquaculture, and its goal is to reach a corpus of US$400 million by 2025.
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