Startups in seafood and aquaculture technology raised $193 million in 2016, a 271% increase on the $52 million raised across both 2014 and 2015, according to AgFunder research.

Investment in seafood-related startups grew in 2016 as investors and entrepreneurs are starting to slowly wake up to the huge opportunity the market presents.

AgFunder recorded 28 deals during the year ranging from startups building aquaculture systems, manufacturing fishmeal alternatives, and biological therapeutics, farming insects to replace fishmeal, farming and using algae for fish and human consumption, and building precision farming hardware and software analytics solutions.

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