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Oceano Fresco Growth
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Oceano Fresco Growth

Powering a sustainable aquaculture solution.
Investment overview
Impact category
blue_economy
Investment type
loan
Yearly interest
5
%
Term
24
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
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Promoter

What will you be financing?

Oceano Fresco is a shellfish aquaculture company that aims to feed the world in a sustainable way.

The funds raised through this new Oceano Fresco Growth campaign will be used to finance projects that enhance the growth of the company's production in order to enter the market with a larger sales scale. More specifically, to develop productivity improvements in the areas of cultivation, onshore and offshore, and throughout the stages of the clam life cycle including new planning and piloting capabilities (tests, trials, and sampling) and improvements in the key areas of micro-plankton breeding, pre-fattening and clam sieving. With this project, Oceano Fresco aims to scale up biological mass by improving survival rates and growth rates.

The company has raised 1.3 million euros through Goparity's investor community since its first campaign in January 2020.

The amount raised in Oceano Fresco I, II, III, IV, V, and VI campaigns (730,000€) was used to co-finance the installation of the world's first open sea clam farm in Alvor. The clams are suspended in the open sea where they can grow in their natural environment and in a sustainable way.

The amount raised in Oceano Fresco Innovation I, II and III campaigns (500,000€) was used to co-finance two research and development (R&D) projects focused on the cultivation of clams and one project in the area of food innovation. The R&D projects in the areas of genetics and pathology are highly innovative worldwide, leading to two incentives totaling 1.4 million. The food innovation project aims to develop new products and packaging to create value and promote sustainable clam consumption.

In August 2020, the company started clam seed production at a Bio-Marine Center in Nazaré, a pioneering project in Europe, which included the bivalve hatchery, a laboratory with R&D and offices. In June of the same year, it completed the installation of the open sea farm in Alvor, with an area of 100 hectares and the capacity to produce 600 tons of clams per year, thus achieving total control of the production cycle of this bivalve. The year 2021 marked the start of the first production with the hatchery managing to produce more than 50 million clam seeds and these same clams growing to adulthood well and fast in the open sea and with very positive reactions from customers. The next challenge for 2022 is to create a larger scale for production via increases in cultivation productivity.

What is the impact?

Direct impact

  • Creation of 4 jobs, in addition to the company's current 27 employees: the financing of both Oceano Fresco Growth campaigns will enable the hiring of 4 new people.
  • Increased productivity in production, reducing the resources needed per kg of clams.
  • Promotion of innovation in the industry, in terms of processes and technology.

Indirect Impact

  • Promotion of the marine ecosystem: a sustainable alternative to intensive fishing as a source of protein, the sustainable production of clams contributes to the restoration of biodiversity and marine stocks.


"Can the ocean feed us sustainably?", written by Rodrigo Clímaco, responsible for Oceano Fresco's nursery.

Impact indicators

CO2 avoided per year
clean energy
1
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Direct impact

  • Creation of 4 jobs, in addition to the company's current 27 employees: the financing of both Oceano Fresco Growth campaigns will enable the hiring of 4 new people.
  • Increased productivity in production, reducing the resources needed per kg of clams.
  • Promotion of innovation in the industry, in terms of processes and technology.

Indirect Impact

  • Promotion of the marine ecosystem: a sustainable alternative to intensive fishing as a source of protein, the sustainable production of clams contributes to the restoration of biodiversity and marine stocks.


"Can the ocean feed us sustainably?", written by Rodrigo Clímaco, responsible for Oceano Fresco's nursery.

Promoter website

http://www.oceano-fresco.pt/

Team

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Business Model

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