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Eco Shrimp
Scalable indoor shrimp farming RAS technology solution
About Eco Shrimp
ECOshrimp Ltd. is an Israeli agriculture and food technology company established in 2016 as a subsidiary of AquaMaof. The firm provides an end-to-end, turnkey solution for indoor shrimp production based on advanced Recirculating Aquaculture System (RAS) technology. This technology was adapted from AquaMaof's proven systems for finfish, following extensive research to meet the specific biological needs of shrimp. The company's business model involves partnering with local entities for equity, providing the technical solution, training, and know-how, while the partner is responsible for raising additional funding, securing a site, obtaining permits, and managing operations and marketing.
ECOshrimp's platform is designed to be sustainable and cost-effective, enabling the production of fresh, healthy shrimp for local markets without the use of antibiotics or chemicals. The system utilizes patented water-treatment and filtering techniques that significantly reduce water consumption and manage energy efficiently. Strict biosecurity protocols and a controlled environment contribute to high survival rates even at high densities. The technology is scalable, with production capabilities starting from 100 tons per year, and can be expanded by adding modules. In late 2023, the company reached a milestone by completing and stocking its first commercial prototype, an 8-meter diameter tank designed for high-density growth.
The company is actively building its first industrial facility in Israel and forming partnerships to establish farms in Europe and the United States. It collaborates with firms like Agrotop for engineering and construction and Zemach Feed Mill for developing specialized feed suited for its RAS system. This allows ECOshrimp to offer a comprehensive solution that includes a feeding formula, tested grow-out protocols, and advanced monitoring capabilities.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEEDOther financing | Apr 2011 | $10M | $40M | Undisclosed | — |
Growth signals
Eco Shrimp's team declined 75% over the past year.
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