Its newest investee is Matorka, an Icelandic Arctic Char fish farm, which is looking to become a global leader when it comes to sustainable, cost-efficient, land-based Salmonid farming operations.
“We’ve been interested in an Arctic Char investment since we launched, as we want to offer a sustainable alternative to salmon,” said Amy Novogratz, Aqua-Spark co-founder.
“Matorka stood out as the right partner for absolutely every reason: their access to and respect for Iceland’s natural resources, as well as their overall vision for healthy, ecological fish farming.”
Árni Páll Einarsson, Matorka CEO, added: “Aqua-Spark goes to great lengths to improve and transform the aquaculture industry, and an investment from them is also a sustainability stamp of approval. We couldn’t be more honored or excited to grow with them – and set a new standard for fish farming.”
Aqua-Spark has invested US$2.5 million in Matorka.
With this investment, Matorka will be able to begin the first phase of construction of a new site in Grindavik, while updating its two current facilities and bringing production volume to 1500 MT, with an eventual goal of 3200 MT.
Launched in December 2013, Aqua-Spark’s mission is to make fish farming sustainable by investing in companies, technologies and practices that have the potential to make sustainable farming as profitable as traditional industry.
So far, Aqua-Spark has dedicated US$19.25 million to investments in sustainable fish farming. The goal of the fund is to grow to US$400 million by 2025.
