Cleantech investor Earth Capital Limited (ECL) has made an investment in Ace Aquatec, an aquaculture technology company which specialises in ‘welfare-first outcomes, with the funds set to be used to grow its current portfolio of products and markets.
Cleantech investor Earth Capital Limited (ECL) has made an investment in Ace Aquatec, an aquaculture technology company which specialises in ‘welfare-first’ outcomes, with the funds set to be used to grow the latter’s current portfolio of products and markets.
ECL joins existing investor Aqua Spark, one of the biggest ‘blue growth’ investment funds.
As part of the deal, ECL’s senior investment manager, Bradley Jones, will join the Ace Aquatec Board. Other board changes see Chris van der Kuyl (Principal of existing investor, Chroma Ventures) appointed chair and Nina Santi (Senior Advisor at INAQ AS) joining as a non-executive director.
Dundee-based Ace Aquatec has raised over £10 million since its series A investment with Aqua Spark and Chroma Ventures, and has already shown strong growth in key markets including the UK, Europe, Canada, South America, and South East Asia. The additional capital will be used to expand its presence and distributor networks in these markets and to accelerate development in aquaculture technology solutions, including its Biomass Camera which has recently started production following successful trials.