Ace Aquatec has successfully closed a £10 million investment round to accelerate the development of AI-powered fish farming solutions and create 15 new jobs across its offices in Scotland and Chile.
The funding includes £7.5 million in equity led by Stolt Ventures, with support from Scottish Enterprise and Aqua-Spark, plus a £2.5 million debt facility. The oversubscribed round remains open for further participation post-close.
“This investment allows us to meet the needs of farmers globally by expanding our portfolio, hiring top talent, and deepening our data capabilities,” explained Nathan Pyne-Carter, chief executive of Ace Aquatec.
“Having the backing of Stolt Ventures represents a pivotal moment in Ace Aquatec’s mission to revolutionise the aquaculture industry through welfare-first innovation, while providing vital employment opportunities.
“This investment, alongside Scotland’s national development agency Scottish Enterprise, will ensure strong local support for the team which has drive, innovation and ambition to be a global player.”
Ace Aquatec says the capital injection will be used to explore AI, sensors and machine learning tools that deliver real-time insights. The company’s technology includes AI cameras for tracking fish weight and health, humane electric slaughter systems and sea lice removal solutions currently in development.
Aquamarine – Impact Capital Partners advised on the raise, while Stolt Ventures’ Axel de Mégille joins Ace Aquatec’s board as a non-executive director, bringing extensive experience in software and blockchain innovation.
