Projects

Oceano Fresco II

100% Reserved Amount = € 0,00 € 75.000,00 of € 75.000
100% Funded
4 yr

term

5.5%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

9. Industry, Innovation and Infrastructure

SDG 9. Industry, Innovation and Infrastructure

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

14. Life Below Water

SDG 14. Life Below Water

Installation of a sustainable off-shore clam farm.

Impact

Ecosystems provide essential services such as food, fresh water, clean air and shelter. They mitigate natural disasters, pests and diseases and help regulate the climate. A sustainable ‘blue economy’ will play a central role in alleviating the multiple demands on land resources and in tackling climate change. The sector can contribute by promoting a sustainable use of aquatic and marine resources and by providing an alternative source of protein that can relieve pressure on agricultural land.

In the next 50 years, it is predicted that the search for protein will grow exponentially. The cultivation of clams is one of the most sustainable alternative sources of protein used nowadays with less environmental impact, as no chemicals or artificial feeds are used; the clams have a filtering function fighting aquatic pollution; and they capture CO2 in their shell formation.

Once installed, the off-shore farm will have the capacity to capture 99,4 tonnes of CO2 per year, based on annual production estimated of 600 tonnes of clams.

Click here to read the article "Can the ocean feed us sustainably?" written by the promoter.

Project Information

Oceano Fresco is going to install the first open sea off-shore clam farm in the world in the south of Portugal (Algarve). The installation will happen in 2020 and it will occupy 100 ha, 5 km from Lagos/Alvor coast.

This is the second campaign the promoter funds through GoParity after having raised 75.000€ successfully, an amount that was used to order the cables, chains, concrete blocks, buoys and lanterns that are needed to set up the farm. The company has since then raised a 3.8M€ investment from BlueCrow Capital, a BioEconomy-focused venture capital fund.

The structure of the clam farm will be composed of submersed horizontal cables, on which lanterns (plates wrapped in a mesh) will be placed and where the clams will be cultivated.

The farm is fundamental to complete the biological cultivation cycle because, after the spawning and hatchery phase, clams need to grow-out until the adult edible size, promoting environmental sustainability and raising the satisfaction and the security level for the final consumer. At the off-shore farm, the clams find the perfect conditions to complete the cycle, with a natural source of food and perfect abiotic conditions.

Besides that, Oceano Fresco is building a bio marine centre in Nazaré to produce the clam seeds that will be cultivated in the Algarve’s farm, the first off-shore clam farm in the world, allowing control of all of the value chain.

Financial Viability

The off-shore farm will have a total investment of 3,1M€, of which 1,5M€ was secured by the MAR2020 program and 800K€ by the company's own capital. Puromar wants to fund the remaining amount via various campaigns with GoParity.This is the second tranche of funding, after they raised 75.000€

Moreover,on April 8, 2020 Oceano Fresco announced the closing of a €3.8 million investment from BlueCrow Capital, a BioEconomy-focused venture capital fund.

100% Funded
4 yr

term

5.5%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

9. Industry, Innovation and Infrastructure

SDG 9. Industry, Innovation and Infrastructure

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

14. Life Below Water

SDG 14. Life Below Water

Installation of a sustainable off-shore clam farm.

100% Reserved Amount = € 0,00 € 75.000,00 of € 75.000

Impact

Ecosystems provide essential services such as food, fresh water, clean air and shelter. They mitigate natural disasters, pests and diseases and help regulate the climate. A sustainable ‘blue economy’ will play a central role in alleviating the multiple demands on land resources and in tackling climate change. The sector can contribute by promoting a sustainable use of aquatic and marine resources and by providing an alternative source of protein that can relieve pressure on agricultural land.

In the next 50 years, it is predicted that the search for protein will grow exponentially. The cultivation of clams is one of the most sustainable alternative sources of protein used nowadays with less environmental impact, as no chemicals or artificial feeds are used; the clams have a filtering function fighting aquatic pollution; and they capture CO2 in their shell formation.

Once installed, the off-shore farm will have the capacity to capture 99,4 tonnes of CO2 per year, based on annual production estimated of 600 tonnes of clams.

Click here to read the article "Can the ocean feed us sustainably?" written by the promoter.

Project Information

Oceano Fresco is going to install the first open sea off-shore clam farm in the world in the south of Portugal (Algarve). The installation will happen in 2020 and it will occupy 100 ha, 5 km from Lagos/Alvor coast.

This is the second campaign the promoter funds through GoParity after having raised 75.000€ successfully, an amount that was used to order the cables, chains, concrete blocks, buoys and lanterns that are needed to set up the farm. The company has since then raised a 3.8M€ investment from BlueCrow Capital, a BioEconomy-focused venture capital fund.

The structure of the clam farm will be composed of submersed horizontal cables, on which lanterns (plates wrapped in a mesh) will be placed and where the clams will be cultivated.

The farm is fundamental to complete the biological cultivation cycle because, after the spawning and hatchery phase, clams need to grow-out until the adult edible size, promoting environmental sustainability and raising the satisfaction and the security level for the final consumer. At the off-shore farm, the clams find the perfect conditions to complete the cycle, with a natural source of food and perfect abiotic conditions.

Besides that, Oceano Fresco is building a bio marine centre in Nazaré to produce the clam seeds that will be cultivated in the Algarve’s farm, the first off-shore clam farm in the world, allowing control of all of the value chain.

Financial Viability

The off-shore farm will have a total investment of 3,1M€, of which 1,5M€ was secured by the MAR2020 program and 800K€ by the company's own capital. Puromar wants to fund the remaining amount via various campaigns with GoParity.This is the second tranche of funding, after they raised 75.000€

Moreover,on April 8, 2020 Oceano Fresco announced the closing of a €3.8 million investment from BlueCrow Capital, a BioEconomy-focused venture capital fund.

Puromar Lda

Active since
2014
Fiscal Country
Portugal
Operating in
Nazaré and Algarve
Industry
Sustainable Aquaculture
GoParity Loans
2
About Puromar Lda

Oceano Fresco was founded in 2015 by Bernardo Ferreira de Carvalho. Puromar Lda is a subsidiary of Oceano Fresco SA (100% owned by it) and is the company that owns the licenses of the off-shore farm. Oceano Fresco develops and commercializes high-value bivalve varieties, using modern aquaculture methods and a strong scientific rationale to become the reference player in this highly sustainable and growing global industry. Their motto is: “Unlocking the potential of shellfish through science-driven aquaculture”.  The latter is led by a Board of Directors (5 people) combining plant and fish breeding with business experience, including launching and scaling up of startups. They are supported by a growing Operational Team (6 people) covering R&D, production and business and a 2-person Advisory Board with world renowned breeding experts. The company is currently building a state-of-the-art BioMarine Center, including hatchery, labs and offices (to be inaugurated in May 2020) in central Portugal, as well as a 100-hectare sea farm off the coast of the Algarve region. With these rare and complementary assets, the company will apply advanced selection and breeding methods to native European clam species of high nutritional and market value, which are presently being replaced in the market by their low-value Asian counterparts.

The Business Model

The revenue source of Oceano Fresco is the high quality and value clam sale, where the market demand greatly exceeds the supply. The production will mainly be sold in Europe but also exported for sale to other regions such as Japan and South Korea. By controlling several steps in the value creation chain, Oceano Fresco is poised to become a leading producer of clams and eventually other bivalves in the foreseeable future, if adequately funded. Over the last few years, the Company’s unique value proposition has led to it being awarded of approximately €3.5 million in competitive grants and €7.5M in seed-stage equity investments. The Company expects to reach a turn-over of €9m in less than 3 years, and of €250m in a matter of 7 years. Oceano Fresco has already assembled a world-class team of international advisors, managers, scientists, breeders and technicians. Oceano Fresco aims to become a game-changer in the €20 billion shellfish market, contributing to higher levels of sustainability in European and global food production.

Track Record

Oceano Fresco was founded in 2015 by Bernardo Ferreira de Carvalho (Founder and CEO).

Since then, the company is proud to have accomplished the following milestones:

  • Conducted a field study in key aquaculture countries that confirmed market potential

  • Hired a highly skilled and experienced team covering R&D, production and business

  • Completed proof-of-concept projects that confirmed the business model viability

  • Developed the construction plans for the BioMarine centre

  • Signed a 25-year land lease concession for the BioMarine center location

  • Obtained all the required licences from the authorities to operate the hatchery

  • Acquired a fully licenced, 103ha, 30+20-year concession for off-shore farming

  • Developed a breeding plan for R. decussatus

  • Established a 5-member BoD combining plant and fish breeding with business experience

  • Was awarded €3.5 million in Portuguese and EU grants

  • Closed a total of €3.7 million in the seed and series A rounds in Nov 2018 and Nov 2019 from institutional and individual investors

  • Secured €3.8 million in series A2 round from current investors to be concluded in March 2020

Promoter Rating: B-

Guarantees

This project is secured with guarantee from the holding company, Oceano Fresco, SA. 

Puromar Lda

Active since
2014
Fiscal Country
Portugal
Operating in
Nazaré and Algarve
Industry
Sustainable Aquaculture
GoParity Loans
2
About Puromar Lda
Oceano Fresco was founded in 2015 by Bernardo Ferreira de Carvalho. Puromar Lda is a subsidiary of Oceano Fresco SA (100% owned by it) and is the company that owns the licenses of the off-shore farm. Oceano Fresco develops and commercializes high-value bivalve varieties, using modern aquaculture methods and a strong scientific rationale to become the reference player in this highly sustainable and growing global industry. Their motto is: “Unlocking the potential of shellfish through science-driven aquaculture”.  The latter is led by a Board of Directors (5 people) combining plant and fish breeding with business experience, including launching and scaling up of startups. They are supported by a growing Operational Team (6 people) covering R&D, production and business and a 2-person Advisory Board with world renowned breeding experts. The company is currently building a state-of-the-art BioMarine Center, including hatchery, labs and offices (to be inaugurated in May 2020) in central Portugal, as well as a 100-hectare sea farm off the coast of the Algarve region. With these rare and complementary assets, the company will apply advanced selection and breeding methods to native European clam species of high nutritional and market value, which are presently being replaced in the market by their low-value Asian counterparts.
The Business Model

The revenue source of Oceano Fresco is the high quality and value clam sale, where the market demand greatly exceeds the supply. The production will mainly be sold in Europe but also exported for sale to other regions such as Japan and South Korea. By controlling several steps in the value creation chain, Oceano Fresco is poised to become a leading producer of clams and eventually other bivalves in the foreseeable future, if adequately funded. Over the last few years, the Company’s unique value proposition has led to it being awarded of approximately €3.5 million in competitive grants and €7.5M in seed-stage equity investments. The Company expects to reach a turn-over of €9m in less than 3 years, and of €250m in a matter of 7 years. Oceano Fresco has already assembled a world-class team of international advisors, managers, scientists, breeders and technicians. Oceano Fresco aims to become a game-changer in the €20 billion shellfish market, contributing to higher levels of sustainability in European and global food production.

Track Record

Oceano Fresco was founded in 2015 by Bernardo Ferreira de Carvalho (Founder and CEO).

Since then, the company is proud to have accomplished the following milestones:

  • Conducted a field study in key aquaculture countries that confirmed market potential

  • Hired a highly skilled and experienced team covering R&D, production and business

  • Completed proof-of-concept projects that confirmed the business model viability

  • Developed the construction plans for the BioMarine centre

  • Signed a 25-year land lease concession for the BioMarine center location

  • Obtained all the required licences from the authorities to operate the hatchery

  • Acquired a fully licenced, 103ha, 30+20-year concession for off-shore farming

  • Developed a breeding plan for R. decussatus

  • Established a 5-member BoD combining plant and fish breeding with business experience

  • Was awarded €3.5 million in Portuguese and EU grants

  • Closed a total of €3.7 million in the seed and series A rounds in Nov 2018 and Nov 2019 from institutional and individual investors

  • Secured €3.8 million in series A2 round from current investors to be concluded in March 2020

Promoter Rating: B-

Guarantees

This project is secured with guarantee from the holding company, Oceano Fresco, SA. 

Payments Status: On time

2020-05-22

Amount extension

The promoter decided to increase the total amount of the project from €50.000 to €75.000, maintaining the end date of the campaign on 13/06/2020.

Payments Status: On time

2020-05-22

Amount extension

The promoter decided to increase the total amount of the project from €50.000 to €75.000, maintaining the end date of the campaign on 13/06/2020.