**UPDATED: MARCH 27, 13:55 ET. Added additional Aqua-Spark investment announced today, and corrected Aqua-Spark’s assets under management to €72.5m**
A new fund will address the credit gap in the agriculture industry by raising capital from institutional investors and lending to agricultural aggregators like cooperatives, traders, and processors in developing countries and more in our weekly brief.
US Secretary of Agriculture Sonny Perdue announced plans to withdraw Obama-era revisions to biotechnology regulations involving genetic modification and editing plus more in our weekly industry brief.
Fish 2.0, the business competition for sustainable seafood-focused innovations, announced the 40 companies that will pitch to investors November 7–8 during the Fish 2.0 Innovation Forum at Stanford University.
LoveTheWild, the Boulder-based frozen seafood brand that only sources farmed fish, has closed an undisclosed Series A round of funding with Leonardo DiCaprio and seafood-focused venture capital fund Aqua-Spark.
Investment in seafood and aquaculture technology increased 271% compared to the $52 million raised across both 2014 and 2015, but there is still a huge need for technology to bring efficiency and sustainability to the industry.
Catalina Sea Ranch, the first offshore shellfish ranch in US federal waters, has raised funding for its mussel farm off the coast of Southern California, and for research into growing environmentally-beneficial giant kelp.
Trace Register won the contest entitled “Rethink Supply Chains: The Tech Challenge to Fight Labor Trafficking” held by San Francisco-based Humanity United.
Amerra Capital Management, a New York-based agribusiness asset manager, has acquired more than 90 percent of the Andromeda Group, a Mediterranean aquaculture company.
Until about five years ago, traceability in the seafood industry was virtually non-existent. Now startups are emerging to tackle different parts of the supply chain.
Catalina Sea Ranch wants to help bridge a $10 billion seafood deficit in the US with the first offshore shellfish ranch in Federal US waters.
A group of researchers conducting project Fish SCALE at the U.S. Food and Drug Administration are using DNA sequencing to combat seafood fraud.