Deep pockets
Sea freight provides both lower costs and lower carbon emissions. BluWrap’s earlier investors, who also partici-
pated in the latest round, are also playing the growing global demand for food. Anterra Capital, based in Amsterdam, in-
vests in companies commercialising technol- ogy around inputs such as feed and nutrients, ‘precision farming’, logistics and consumer safety. The fund was spun out in 2013 from from Rabo Ventures, the food and agriculture venture capital fund of the big Dutch bank, Rabobank. BluWrap is the only seafood industry invest-
ment of Firelake Capital, an early stage Silicon Valley investor that is betting on the growing demand for higher quality products and ser- vices from the emerging global middle class. ‘These factors will boost demand for many commodities, especially superior goods, and
will require a massive expansion of infra- structure,’ according to the fund. ‘Increased demand for fish and meats will require more protein feeds, grains, and fertilisers.’ Paine & Partners, which last year closed on $893 million in financing for its fourth fund, has two fish related investments in its Fund III portfolio. Paine does not specifically supply a sustainability lens, but sees such practices as simply good business. ScanBio, in Norway, for example, produc- es fishmeal and fish oil from the unused by-products of fish processing, such as salm- on trimmings and aquaculture waste. The company says no fish are caught specifically to supply its factories.
David Bank is editor of online investment journal ImpactAlpha. A version of this article first appeared on
www.impactalpha.com FF
THE GLOBAL SEAFOOD BANK
Owing to a long coast and numerous fords with pristine nourishing waters, Norway is a leading player within fisheries and fish farming.
DNB has financed the exciting and important seafood industry for decades, and has developed substantial industry expertise, both within lending and equity financing.
DNB is a solid financial partner with a long term view on both the seafood industry and our clients, with competent advisors located globally. Please feel welcome to contact us for an introduction and a potential future partnership.
dnb.no
www.fishfarmer-magazine.com
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