New Investments
Aquarech Secures $1.7 Million to Empower Kenyan Fish Farmers
Aquarech, a Kenyan fish farming startup, has announced a successful $1.7 million equity funding round that will fuel its mission to empower small-scale fish farmers in Kenya.
The funding, led by Aqua-Spark, a global aquaculture investment fund based in the Netherlands, will enable Aquarech to expand its reach and impact, providing much-needed support to Kenyan fish farmers.
Founded in 2019, Aquarech has developed an innovative mobile app platform that revolutionizes fish farming practices.
Founded in 2019, Aquarech has developed an innovative mobile app platform that revolutionizes fish farming practices.
The platform connects farmers directly to suppliers of high-quality fish feed, eliminating the challenges associated with accessing quality feed.
Additionally, the app provides valuable educational resources on aquaculture best practices, empowering farmers to enhance their productivity and profitability.
Aquarech’s comprehensive approach to supporting fish farmers extends beyond providing access to quality feed and knowledge.
Aquarech’s comprehensive approach to supporting fish farmers extends beyond providing access to quality feed and knowledge.
The startup also offers climate-smart precision fish-feeding techniques, market access, technical training, and financial assistance, including a 90-day credit period for feed payments.
This holistic approach addresses the key challenges small-scale fish farmers face, enabling them to achieve sustainable and profitable fish farming practices.
The $1.7 million funding round includes contributions from Acumen, Katapult, and Mercy Corps Ventures, demonstrating the strong support for Aquarech’s mission.
The $1.7 million funding round includes contributions from Acumen, Katapult, and Mercy Corps Ventures, demonstrating the strong support for Aquarech’s mission.
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