SEAentia funding news – Peniche-based SEAentia Secures €16 Million in Funding

The funding comes from Indico Capital Partners' Blue Fund and the Mar2030 Programme.

João Rito, President of SEAentia, stated: “This investment from Indico and the support from Mar2030 will make possible the world’s first Corvina production facility using recirculating aquaculture systems. This will enable them to meet growing demand and export this species on a large scale with high quality.”

The company aims to lead the production of Corvina fish using RAS, managing the entire process in an eco-friendly way. SEAentia strongly believes that animal welfare and sustainability are key to their approach.

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The new funding, which could grow by an additional €8 million, will help SEAentia build a large-scale facility in Peniche. This will allow them to produce 700 tonnes of high-quality Corvina per year, following strict sustainability standards.

The investment will be announced at the Luso-French Economic Forum, with Portugal’s Prime Minister Luís Montenegro and France’s President Emmanuel Macron attending.

Stephan de Moraes, President of Indico Capital Partners, stated: “We are excited to support the sustainable production of Corvina. It is inevitable that the majority of fish consumed on the planet will come from aquaculture, just as most land-based species are farmed rather than wild, but we must ensure that the future of aquaculture is synonymous with quality and sustainability—something we found in SEAentia. This investment in SEAentia brings Indico’s total investments to over €100 million since 2019, representing a historic milestone for Indico and reinforcing its role as one of the leading investors in innovative and sustainable projects in Europe.”

The investment in it comes from the Indico Blue Fund, a €50 million fund that supports sustainable projects in the blue economy. This fund focuses on helping innovative startups and small businesses committed to sustainable solutions.

It’s goal is to lead the commercial production of meagre fish using RAS, managing the entire process in an eco-friendly way. João Rito hopes to start selling their products by 2028, positioning SEAentia as a leader in sustainable aquaculture.

About SEAentia

Founded in 2017 by João Rito, Nuno Leite, John Jones, and Sónia Rito, with early support from Thierry Loustau and business consultant All The Way. SEAentia aims to provide safe, sustainable, and nutritious seafood by combining new aquaculture technology with scientific research. Their production methods will be fully transparent at every stage.