Oceanloop draws Hatch Blue, Stolt and EIB backing for land-based whitefish farms

What's the deal? OceanloopDealroom has a profile for this one. Try Dealroom → has secured new equity from Hatch BlueDealroom has a profile for this one. Try Dealroom → and Stolt VenturesDealroom has a profile for this one. Try Dealroom →, alongside a venture-debt facility from the European Investment Bank, to scale its recirculating aquaculture systems platform and expand European production of giant grouper.

Why now? The company said it has become the first to farm giant grouper commercially in Europe. The financing will support a broader rollout of land-based aquaculture facilities.

The signal: The deal brings specialist aquaculture investors and public venture debt together around a capital-intensive food-production model. Oceanloop is led by CEO Fabian RiedelDealroom has a profile for this one. Try Dealroom →.

Read more: IntraFish

Image credit: USFWS Mountain Prairie