Partnership 'sets new standard' for aquaculture finance

Aquaculture data cruncher Shrimpl has announced an agreement to incorporate its risk management framework, oversight, and technology services in a sustainable aquaculture investment fund launched by Mexican private equity and investment banking firm Enture Capital.

The fund is designed to address the need for transition finance and working capital in Latin America’s aquaculture industry, which is facing growing demands for sustainable infrastructure, improved farming practices, and greater operational efficiency.

Singapore-based Shrimpl said its platform will enable precise measurement, management, and mitigation of aquaculture credit risks, while also streamlining deal sourcing and loan lifecycle management. These tools will empower stakeholders to make informed decisions, optimise financial outcomes, and enhance measurable sustainability across the value chain. 

'A significant milestone'

“The partnership with Enture Capital is a significant milestone for Shrimpl. By combining our technology with Enture’s capital management expertise, we set a new standard for sustainable aquaculture finance,” said Shrimpl chief executive Ciaron McKinley in a press release.

“This collaboration underscores our commitment to delivering tangible value to our producer and feed milling clients while advancing environmental and social objectives.”

Ulises Jasso, partnership director of Enture Capital, said: “Sustainability is at the core of our mission, and the Sustainable Aquaculture Investment Fund represents a critical step in bridging the financing gap in this vital industry for sustainable technology transition. With Shrimpl’s technology, we can bring greater transparency, efficiency, and impact to aquaculture financing.”

Brazil and India

Shrimpl offers digital platforms and tools to enhance operational efficiency, profitability, sustainability, and risk management for farmers, feed mills, and other stakeholders.

Last month it announced a strategic partnership with Brazilian aquaculture equipment maker Trevisan that will combine Trevisan’s widespread market presence and Internet of Things-enabled hardware with Shrimpl’s operating, analytics, and risk management platform.

Shrimpl said producers will gain instant access to integrated aquaculture intelligence, digitised farm and pond profiles via satellite imaging and proprietary AI (Shrimpl SatEye), and automated, real-time environmental monitoring from Trevisan’s smart sensors and Shrimpl’s carbon footprint management tools, allowing for quantifiable carbon base line improvements.

Earlier in July, Shrimpl said it had successfully completed a Pre-Series A investment round to accelerate its entry into the Indian market.

It has more than 1 million hectares of aquaculture ponds digitised and indexed, including more than 200,000 hectares in India.