Singapore- and Canada-based aquaculture platform Wittaya Aqua has raised US$2.8 million in seed funding from Yield Lab Asia Pacific, SEEDS Capital, Future Planet Capital, Conservation International Ventures, and SeaAhead Blue Angels.
The strategic raise will enable Wittaya Aqua to develop its feed-to-farm platform and expand its reach into Asia Pacific, the largest aquaculture-producing region globally.
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Wittaya consolidates existing data points across the seafood supply chain to drive greater profitability, sustainability, and efficiency. The startup integrates different information streams from farmers, feed mills, and ingredient suppliers into one platform.
Founded in Canada, the company has since expanded to Asia following its global customer footprint growth.
Currently, the company works with major aquafeed and integrated farming clients in more than ten countries.
Wittaya Aqua can build accurate science-backed models to help stakeholders improve specific variables or functions. For instance, a farmer knows how his feed affects his animal’s growth rate and can compare the outcomes to industry benchmarks. Or, a feed mill can benchmark the performance of its feeds on different farms to understand how to improve its formulations for specific customers.
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Wittaya Aqua’s platform also empowers aquaculture stakeholders to meet rising consumer, retail and regulatory expectations for a more transparent and improved value chain.
Over half of the aquaculture industry’s top 10 leading companies across Asia, the Americas and Europe have used Wittaya Aqua’s platform to improve outcomes for aquafeed, ingredient supply and farms. Its notable customers include De Heus, Uni-President, US Soybean Export Council, Soy Aquaculture Alliance, Temasek Lifesciences Laboratory, AquaChile, dsm-firmenich, Corbion, Aker BioMarine, AGT Foods, POET, and Botaneco.
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Image Credit: Wittaya Aqua.
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