Ocean 14 Capital and Norselab have invested in the Norwegian company which has developed an alternative, non-invasive harvesting technique for bottom-dwelling seafood.
The Organic Development Finance Fund will focus on supporting organic producers in developing countries and facilitating their access to global markets.
The investment is the latest from the Swiss investor’s second Sustainable Food-Asia fund and supports a company that has established itself as a key player in Indonesia’s aquaculture sector in less than a decade.
The private debt strategy, which provides long-term expansion debt and technical assistance to support growing agri-businesses, has drawn investment from public and private investors.
Startups in the food tech sector are gradually becoming more attractive to venture capital as pioneers reach maturity and early investors realise their exit strategies.
Three Dutch financial institutions are the latest investors in the impact investing cooperative’s Healthy Food Systems Impact Fund II, which is set to close later in 2023 with a target of €60m.
Climate change is making investing in the meat industry increasingly controversial. Several Dutch pension funds are leaving large Brazilian meat companies, according to a FD report. Are pension funds turning vegetarian?
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