Blue Revolution Fund secures US$100M in commitments for aquaculture ventures

EUROPE – The Blue Revolution Fund (BRF),, has closed with commitments amounting to €93 million (US$100 million). 

The BRF is an impact-driven aquaculture investment initiative established by Hatch Blue, a company that specialises in aquaculture and alternative seafood, and advised by The Nature Conservancy

These funds will enable BRF to support over a dozen early-stage aquaculture startups working on improving ocean ecosystems, addressing climate impacts, and enhancing livelihoods in coastal areas.

Robert Jones, who oversees global aquatic food systems at The Nature Conservancy, highlighted aquaculture’s potential for sustainability.

 “With the right approaches, aquaculture can be a positive environmental contributor, offering a low-carbon food source while supporting marine ecosystems,” he said. 

Through selective investments, BRF aims to drive forward technology and farming methods that can help the industry become more environmentally responsible.

Hatch Blue, BRF’s investment manager, leverages its aquaculture and blue carbon expertise to manage fund operations and asset strategies. 

“Our team of 32 specialists operates across investment, consulting, and media, giving us unique insights that benefit our portfolio and partners,” said Georg Baunach, co-founder and managing partner at Hatch Blue. 

“Our final closing, which exceeded the €75 million (US$80.6 million) target, shows the investment community’s support for our approach.”

BRF has already invested in several innovative companies:

CageEye (Norway): Using echo-sound technology to monitor fish behavior in real-time, CageEye aims to improve feeding practices in aquaculture, enhancing efficiency.

ChucaoTec (Ireland-Chile): This company’s nanobubble oxygenation technology is designed to advance salmon and shrimp farming sustainability.

DeNova (Canada): A single-cell protein producer, DeNova seeks to replace soy protein and fishmeal in aquaculture, addressing significant supply chain issues.

New School Foods (Canada): Developing plant-based seafood alternatives with technology that replicates traditional texture and cooking characteristics.

Peptobiotics (Singapore): Focused on creating antimicrobial peptides to help shrimp farmers reduce antibiotic reliance and improve shrimp health.

Wholechain (United States): A traceability solution provider, Wholechain offers supply chain transparency tools for protein and non-protein products through a SaaS platform.

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