Aqua-Spark assets nearly 300 million euros

Aqua-Spark* had nearly €300 million in assets under management (AUM) in 2021, nearly double the amount it managed in 2020, according to its latest impact report.

Amy Novogratz and Mike Velings, co-founders of Aqua-Spark

The report, which was released today, also shows that they have now invested almost €160 million in sustainable aquaculture operations since their launch in 2015, when their cumulative net asset value was d around 130 million euros in 2021.

The report includes extensive information on the objectives, operations and portfolio of the holding company, which grew by four companies last year: Hofseth BioCare, Sea6 Energy, Lake Harvest and Oceano Fresco.

The performance of the Aqua-Spark fund 2015-2021 (click on the image to enlarge)

The performance of the Aqua-Spark fund 2015-2021 (click on the image to enlarge)

© Aqua-Spark

Investment Protocols

Aqua-Spark shares how they assess potential investments, through a three-step process.

As the report explains: “When evaluating a potential investment, the first thing we do is ensure that the company has a clear solution to an industry challenge related to our impact. With this, we confirm the alignment of our vision of the future industry towards which we are working.

“The second step is to analyze how the business can both add to and benefit from our portfolio ecosystem. Are we missing the solution? Can it serve our farms on their path to improvement? Are there any synergies to be had with fellow portfolio companies? We have mapped out the ultimate blueprint of an optimal industry to guide the development of this ecosystem. This map is reassessed every year, based on the team’s learnings, industry developments, new innovations and new challenges to solve.

“The final picture should be 50% agricultural or seafood production companies, with the rest of the portfolio made up of companies supporting production through services and technologies that bring more efficiency, health, traceability and profitability while reducing waste, pollution, environmental footprint and injustice. – strengthen each stage of the supply chain, from inputs to the farm through to the plate. »

Aqua-Spark investment by value chain, 2015-2021 (click image to enlarge)

Aqua-Spark investment by value chain, 2015-2021 (click image to enlarge)

© Aqua-Spark

Projects for the future?

Looking ahead, Aqua-Spark says it currently aims to “focus on activating synergies within the portfolio” of the 24 companies it has invested in to date.

“Synergies have been a priority from the start, but until now most of our businesses have been at too early a stage to contribute to a greater cause. For example, pet food manufacturers have not yet produced significant volumes of feed ingredients. We have set goals for cooperation within our portfolio, between feed companies and the farm, technologies working together and disease treatment working in our ecosystem,” the report explains.

“We will work towards wider cooperation within the industry, working with retailers, buyers and growers to adopt our solutions and set good examples of what the future of aquaculture can look like. We will host portfolio meetings and industry roundtables to help achieve these goals and move us closer to a supply chain and market that helps these new solutions succeed. this sector, it is imperative to provide good examples that showcase the potential of healthy, sustainable and traceable aquaculture,” the report concludes.

Click here to access the full report.

*Hatch is part of Aqua-Spark’s investment portfolio, but The Fish Site retains editorial independence.

Rob Flecher

Editor-in-Chief at The Fish Site

Rob Fletcher has been writing about aquaculture since 2007, as editor of fish farmer, Fish farming specialist and The fish website. He holds an MA in History from the University of Edinburgh and an MA in Sustainable Aquaculture from the University of St Andrews. He currently lives and works in Scotland.

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