Aqua-Spark gives financial boost to LoveTheWild, makers of unique frozen seafood meals.
When LoveTheWild co-founders Jacqueline Claudia and Christy Brouker started looking for investors in 2015, the two could afford to be picky. Their first choice was Netherlands-based Aqua-Spark, an investment fund focused on sustainable aquaculture and one that announced a $2.5 million (EUR 2.3 million) investment in December 2016.
“I identified Aqua-Spark two years ago as an investment fund I wanted to work with because they’re the only ones investing in aquaculture for consumers,” Claudia said. “We’d talked with more traditional food funds and even though the terms of the deal we signed were similar with those of other investors that approached us, at the end of the day I felt our mission was more aligned with what Aqua-Spark was doing. Aqua-Spark knows that aquaculture is a long-term game, while traditional investors are looking for short-term profit.”
Amy Novogratz, a partner at Aqua-Spark, recalled watching Claudia and Brouker present their company at Fish 2.0 in 2015 and being immediately impressed. “They were this incredibly strong team of women. Aquaculture and seafood is still confusing to many people, but they were so clear about how to make choices and they offered such a clear solution – we loved what they were doing from the first minute.”
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Tags: Global Aquaculture