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An investment fund aimed at prospering while preventing overfishing from wiping out ocean life announced on Thursday it is pumping $4 million into two companies focused on smart farming of seafood.
Aqua-Spark said that US-based biotechnology Calysta and Chicoa Fish Farm in Mozambique, Africa, will be the fund’s first investments since launching in late 2013.
“We’ve spent the last many months examining technologies, businesses and farms around the world that have the potential to shift the aquaculture landscape,” Aqua-Spark co-founders Mike Velings and Amy Novogratz said in a release. “Calysta and Chicoa have stood out as game-changing business ventures.”