An analysis of the $808 million invested in the aquaculture industry by venture funds in the last 12 months.
In 2023, the hurdles for venture capital deployment were raised and fewer funding rounds occurred, due to a challenging macro-economic environment, characterized by rising interest rates and a realignment of valuation expectations. The cautious private investment sentiment was reflected by the slow adoption of innovative technologies in aquaculture.
Over the past 12 months, aquablurb recorded $2.2 billion in publicly announced aquaculture and alternative seafood funding, across 87 rounds, with venture funding accounting for $808 million of this figure, across 56 rounds. As a key contributor to global food security, with 87.5 million tonnes produced in 2020 (FAO, 2022), the pace of aquaculture innovation is expected to accelerate to reach 106 million tonnes of production by 2030, in order to help to fulfill the protein demands of 9.7 billion people…