BioFishency Ltd., an Israeli aquaculture solutions provider, completed an investment round of $2.4m.
The primary investors in the round were a private investor from China, Aqua-Spark, a global investment fund based in the Netherlands, and The Trendlines Group.
The company intends to use the funds to set up a Chinese operation and to continue R&D to provide additional aquaculture solutions for the market.
Founded in 2013 by Cobi Levanon and Igal Magen, BioFishency is an aquaculture solutions provider focused on increasing growers’ productivity and sustainability through its innovative technologies and knowhow. The company develops and produces water treatment systems for use in land-based aquaculture and sells its SPB Single Pass BioFilters (SPB) in various capacities as a plug-and-play, complete systems, and manages projects.
BioFishency’s systems operate in countries around the world, including Israel, Congo, Bangladesh, India, Indonesia, and China.
With over $1.3 million in sales for 2018, the company has more than doubled its total 2017 revenues.
BioFishency is a portfolio company of The Trendlines Group Ltd. (“Trendlines”) (SGX: 42T) (OTCQX: TRNLY).