The world’s first open-sea clam “factory” is located in Portugal and has just raised an additional 17 million euros to expand its activity.
This is Oceano Fresco, a startup dedicated to the sustainable, scalable and traceable culture of bivalves in open sea farms, which has just closed a financing round of this amount, with 8.05 million euros contributed directly by the Deal-by-Deal Co-investment Program of the Capitalization and Resilience Fund (FdCR) and 3.45 million through the Indico Blue Fund, a fund from Indico Capital Partners that leads the operation.
Led by Indico, the operation also includes the participation of BlueCrow and Aqua-Spark.
This financing will allow Oceano Fresco to “finance increased operating expenses (OPEX) and capital expenditure (CAPEX), with the aim of improving productivity, investing in new technologies and processes to increase efficiency and reduce costs, and expanding operations, building new cultivation facilities, acquiring advanced equipment and expanding the area of operation in the open sea”, explain BPF, Indico and Oceano Fresco, in a joint statement.
(News update)
Source: www.jornaldenegocios.pt
