Projects

Oceano Fresco III

100% Confirmed Amount = € 150.000,00
Reserved Amount = € 0,00
€ 150.000,00
100% Funded
4 yr

term

5.5%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

14. Life Below Water

SDG 14. Life Below Water

The first open sea off-shore clam farm in the world in the south of Portugal.

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. It is predicted that food production must double by 2050 to meet the demand from the world’s growing population.  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.

The cultivation of clams is one of the most sustainable alternative sources of protein used nowadays with less environmental impact. This project will therefore have the following impact:

  • Once installed, the offshore farm will have the capacity to capture 99,4 tonnes of CO2 per year, based on an estimated annual production of 600 tons of clams. 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; as they have a filtering function fighting aquatic pollution; and as they capture CO2 in their shell formation;

  • By providing an alternative source of protein, the sustainable cultivation of clams will not only contribute to alleviating the multiple demands on land resources, but also to restoring marine resources and the seas’ biodiversity, by being an alternative to intensive fishing.

  • At the moment, Oceano Fresco is constituted by 17 people. When the farm’s operation starts, an increase in staff to 100 people is forecasted in the upcoming years.

This project will also have a positive indirect impact on the local economy, mainly in the area where the farm is installed, Lagos by increasing the incomes of the people who work in this sector.

Click here to read the article "Can the ocean feed us sustainably?" written by Rodrigo Clímaco, responsible by the clam farm of Oceano Fresco.

Project Information

Oceano Fresco has recently concluded the set up of the first off-shore clam farm in the world, occupying 100 hectares, in the south of Portugal, 5 km from Lagos/Alvor coast (Algarve).

This is the third tranche of funding at GoParity, after having raised 150,000€ in the two previous rounds, an amount that was used to order the cables, chains, concrete blocks, buoys, and lanterns needed to set up the farm.

The company has since then, concluded the installation of the off-shore farm and the next step is to buy and install the boat and remaining equipment to start operating the farm.

The structure of the clam farm is 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, 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 environmental conditions. The cultivation is set to start in December.

Oceano Fresco BioMarine Center in Nazaré


Phytoplankton production at Oceano Fresco’s BioMarine Center:


Clam culture at Oceano Fresco’s BioMarine Center

CEO & Founder Bernardo Carvalho at Oceano Fresco’s BioMarine Center

Financial Viability

The off-shore farm will have a total investment of 3,1M€, of which 1,5M€ were secured by the MAR2020 program and 800K€ by the company's own capital. Puro Mar wants to fund the remaining amount via various campaigns with GoParity. This is the third tranche of funding, after they have raised 150.000€ in the two previous ones.

Last April, Oceano Fresco announced the closing of a 3,8M€ additional investment from BlueCrow Capital, the funds manager of the Venture Capital BlueCrow Innovation, which invests in national industrial R&D projects, operating in the bioeconomy and in innovative production technologies. So far, the total aggregate investments are close to 7.2M€ for the construction of Oceano Fresco’s Bio Marine Centre in Nazaré and its off-shore exploration.

100% Funded
4 yr

term

5.5%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

14. Life Below Water

SDG 14. Life Below Water

The first open sea off-shore clam farm in the world in the south of Portugal.

100% Confirmed Amount = € 150.000,00
Reserved Amount = € 0,00
€ 150.000,00

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. It is predicted that food production must double by 2050 to meet the demand from the world’s growing population.  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.

The cultivation of clams is one of the most sustainable alternative sources of protein used nowadays with less environmental impact. This project will therefore have the following impact:

  • Once installed, the offshore farm will have the capacity to capture 99,4 tonnes of CO2 per year, based on an estimated annual production of 600 tons of clams. 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; as they have a filtering function fighting aquatic pollution; and as they capture CO2 in their shell formation;

  • By providing an alternative source of protein, the sustainable cultivation of clams will not only contribute to alleviating the multiple demands on land resources, but also to restoring marine resources and the seas’ biodiversity, by being an alternative to intensive fishing.

  • At the moment, Oceano Fresco is constituted by 17 people. When the farm’s operation starts, an increase in staff to 100 people is forecasted in the upcoming years.

This project will also have a positive indirect impact on the local economy, mainly in the area where the farm is installed, Lagos by increasing the incomes of the people who work in this sector.

Click here to read the article "Can the ocean feed us sustainably?" written by Rodrigo Clímaco, responsible by the clam farm of Oceano Fresco.

Project Information

Oceano Fresco has recently concluded the set up of the first off-shore clam farm in the world, occupying 100 hectares, in the south of Portugal, 5 km from Lagos/Alvor coast (Algarve).

This is the third tranche of funding at GoParity, after having raised 150,000€ in the two previous rounds, an amount that was used to order the cables, chains, concrete blocks, buoys, and lanterns needed to set up the farm.

The company has since then, concluded the installation of the off-shore farm and the next step is to buy and install the boat and remaining equipment to start operating the farm.

The structure of the clam farm is 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, 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 environmental conditions. The cultivation is set to start in December.

Oceano Fresco BioMarine Center in Nazaré


Phytoplankton production at Oceano Fresco’s BioMarine Center:


Clam culture at Oceano Fresco’s BioMarine Center

CEO & Founder Bernardo Carvalho at Oceano Fresco’s BioMarine Center

Financial Viability

The off-shore farm will have a total investment of 3,1M€, of which 1,5M€ were secured by the MAR2020 program and 800K€ by the company's own capital. Puro Mar wants to fund the remaining amount via various campaigns with GoParity. This is the third tranche of funding, after they have raised 150.000€ in the two previous ones.

Last April, Oceano Fresco announced the closing of a 3,8M€ additional investment from BlueCrow Capital, the funds manager of the Venture Capital BlueCrow Innovation, which invests in national industrial R&D projects, operating in the bioeconomy and in innovative production technologies. So far, the total aggregate investments are close to 7.2M€ for the construction of Oceano Fresco’s Bio Marine Centre in Nazaré and its off-shore exploration.

Puromar Lda

Active since
2014
Fiscal Country
Portugal
Operating in
Nazaré and Algarve
Industry
Sustainable Aquaculture
GoParity Loans
4
About Puromar Lda

Oceano Fresco was founded in 2015 by Bernardo Ferreira de Carvalho. Puromar Lda is a subsidiary of Oceano Fresco SA (fully owned by it) and is the company that owns the licenses of the off-shore farm installed in Algarve.

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 (12 people) covering R&D, production, and business and a 2-person Advisory Board with world-renowned breeding experts.

Bernardo Carvalho (Chief Executive Officer and Founder).

Bjørn Skjævestad (Non-executive Board Member).

Nuno Arantes (Chairman of the Board).

Olivier Cottet (Non-executive Board Member).

Bernardo Empis Meira (Non-executive Board Member).

The company has built a state-of-the-art BioMarine Center, including hatchery, labs, and offices 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 (low organoleptic value).

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 approximately €3.5 million in competitive grants and €7.5M in seed-stage equity investments. The Company expects to reach a turnover 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:

  • (2015-16) Conducted a field study in key aquaculture countries that confirmed market potential;

  • (2015 onwards) Hired a highly skilled and experienced team covering R&D, production, and business

  • (2016-17) Completed proof-of-concept projects that confirmed the business model viability

  • (2018) Signed a 25-year land lease concession for the BioMarine center location

  • (2018) Obtained all the required licenses from the authorities to operate the hatchery 

  • (2020) Built a state-of-the-art BioMarine center, including a hatchery, labs, and offices

  • (2018) Acquired a fully licensed, 103ha, 30+20-year concession for off-shore farming 

  • (2020) Set up the off-shore farm physical infrastructure in the sea

  • (2018) Developed a breeding plan R. decussatus;

  • (2018) Established a 5-member BoD combining plant and fish breeding with business experience

  • (2015 onwards) Awarded €3.5 million in Portuguese and EU grants

  • (2018-2020) Raised €7.5 million in seed and A rounds from 2018 to 2020, from institutional and individual investors

The next step, which is already in progress, is to buy and install the boat and equipment required for the clam’s breeding.

Promoter Rating: B-

Guarantees

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

Puromar Lda

Active since
2014
Fiscal Country
Portugal
Operating in
Nazaré and Algarve
Industry
Sustainable Aquaculture
GoParity Loans
4
About Puromar Lda

Oceano Fresco was founded in 2015 by Bernardo Ferreira de Carvalho. Puromar Lda is a subsidiary of Oceano Fresco SA (fully owned by it) and is the company that owns the licenses of the off-shore farm installed in Algarve.

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 (12 people) covering R&D, production, and business and a 2-person Advisory Board with world-renowned breeding experts.

Bernardo Carvalho (Chief Executive Officer and Founder).

Bjørn Skjævestad (Non-executive Board Member).

Nuno Arantes (Chairman of the Board).

Olivier Cottet (Non-executive Board Member).

Bernardo Empis Meira (Non-executive Board Member).

The company has built a state-of-the-art BioMarine Center, including hatchery, labs, and offices 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 (low organoleptic value).

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 approximately €3.5 million in competitive grants and €7.5M in seed-stage equity investments. The Company expects to reach a turnover 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:

  • (2015-16) Conducted a field study in key aquaculture countries that confirmed market potential;

  • (2015 onwards) Hired a highly skilled and experienced team covering R&D, production, and business

  • (2016-17) Completed proof-of-concept projects that confirmed the business model viability

  • (2018) Signed a 25-year land lease concession for the BioMarine center location

  • (2018) Obtained all the required licenses from the authorities to operate the hatchery 

  • (2020) Built a state-of-the-art BioMarine center, including a hatchery, labs, and offices

  • (2018) Acquired a fully licensed, 103ha, 30+20-year concession for off-shore farming 

  • (2020) Set up the off-shore farm physical infrastructure in the sea

  • (2018) Developed a breeding plan R. decussatus;

  • (2018) Established a 5-member BoD combining plant and fish breeding with business experience

  • (2015 onwards) Awarded €3.5 million in Portuguese and EU grants

  • (2018-2020) Raised €7.5 million in seed and A rounds from 2018 to 2020, from institutional and individual investors

The next step, which is already in progress, is to buy and install the boat and equipment required for the clam’s breeding.

Promoter Rating: B-

Guarantees

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

Payments Status: On time

2020-10-09

100% funded

388 investors successfully raised 150.000€

2020-09-17

100% funded and new target of 150.000€

After raising 75.000 € in only 48h, the promoter decided to double the global investment amount of its campaign to 150.000 €. All the other offer conditions remain the same.

2020-09-15

Open for investment

This campaign is open for investment

Payments Status: On time

2020-10-09

100% funded

388 investors successfully raised 150.000€

2020-09-17

100% funded and new target of 150.000€

After raising 75.000 € in only 48h, the promoter decided to double the global investment amount of its campaign to 150.000 €. All the other offer conditions remain the same.

2020-09-15

Open for investment

This campaign is open for investment