The Silverstrand Capital team with Founder and Principal Kelvin Chiu (second from left)
Singapore-based impact investor Silverstrand Capital has announced an additional €15 (US$15.7) million investment in Netherlands-based aquaculture investment fund Aqua-Spark.
Silverstrand first invested in Aqua-Spark in 2020.
As part of the deal, Silverstrand’s Principal Kelvin Chiu will take a seat on Aqua-Spark’s advisory board, while its Head of Impact will join the investment committee.
Aqua-Spark is a global sustainable aquaculture fund with over 300 investors in over 25 countries. It has grown the amount under management (AUM) to over €450 (US$470) million since its inception in 2013.
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The fund’s portfolio comprises companies such as eFishery and Calysta. With the help of these companies, Aqua-Spark claims to have reduced the use of wild resources in feed by the equivalent of 58.6 million fish, upcycled 49.3 million kg of industrial waste, and improved the traceability for 40.4 million kg of food.
“With the global population having passed 8 billion people, smarter and more efficient methods for growing nutrient-rich food are needed,” said Amy Novogratz and Mike Velings, Co-founders of Aqua-Spark.
“Fish supply 17 per cent of the world’s protein, and by 2030 the planet is expected to eat nearly 20 per cent more fish. With our ocean approaching the brink of species collapse, this increase must come from sustainable sources: aquaculture,” they added.
Also Read: Silverstrand, The Meloy Fund back Indonesian agri supply chain startup Koltiva
As a single-family office with an impact investing mandate focused on combating the biodiversity crisis, Silverstrand is focused on advancing regenerative food systems and natural climate solutions.
In October, Silverstrand Capital invested US$10 million in Australian VC firm Carbon Growth Partners.
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