Oceano Fresco funding news – Portuguese-based Oceano Fresco Secures €17 Million in Funding

By not using artificial feed, antibiotics, or farm leftovers, it avoids the main drawbacks of conventional methods of food production and instead encourages a number of benefits, including as the shells' ability to trap carbon dioxide and the improvement of biodiversity in the open-sea farm.

Two native bivalve species, V. corrugata and R. decussatus, have been raised by it. They were first raised in the company's cutting-edge hatchery, the Oceano Fresco Biomarine Centre in Nazaré, Portugal, and then continued to grow in the first open-sea clam farm in the world, which is located off the coast of Lagos in the Algarve.

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The clams are shielded from the elements in the Atlantic Ocean by longlines hanging vertical lights. They grow into fully developed, superior open-sea clams by taking advantage of favourable circumstances like consistent water renewal, a plentiful natural food source (microalgae), and mild temperatures.

BlueCrow, Aqua-Spark, and FdCR, a fund run by Banco Português de Fomento, were among the investors lead by Indico Capital Partners.

Bernardo Carvalho, CEO at Oceano, added: "For Oceano Fresco, having knowledgeable partners who share our values and vision is at least as important as raising money per se. With this in mind, we very gladly welcome Indico Capital Partners and Banco Português de Fomento to this adventure, just like we welcome AquaSpark's and BlueCrow's renewed support, as we continue on our path to become the world leaders in regenerative bivalve aquaculture."

Stephan de Moraes, Managing General Partner at Indico Capital Partners, commented: "We are thrilled with being part of Oceano Fresco vision of creating a new sustainable aquaculture vertical that will add to the global protein increasing demand. The demand for clams specifically far outstrips current supply and growing them sustainably and systematically makes sense at all levels."

Ana Carvalho, CEO of Banco Português de Fomento, said: "This is the Fund's first investment in the Blue economy, which we believe could start a cycle of BPF support for this priority sector of the national economy."

About Oceano Fresco

Oceano Fresco is a sustainable seafood enterprise that grows premium bivalve species through cutting-edge aquaculture techniques. At Oceano Fresco, they think that altering their farming and eating practices can help to renew the natural world.