Open Projects
Oceano Fresco IV
Share
150.000 €
100% funded by 414 investors
instalment
monthly
term
4 years
yearly interest
5.5%
risk rating
B-
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 promoter’s fourth campaign through Goparity, after successfully completing three rounds of financing for a total amount of € 300,000 ( (Oceano Fresco I, II & III), the amount used to order cables, chains, concrete blocks, buoys and lanterns needed to set up the farm. Since then, the company has completed the installation of the nursery, the next step being the purchase of a ship and the remaining equipment to begin exploration.
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.
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:
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.
CO2 avoided per year
Hectares for biodiversity
jobs created
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 fourth 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.
Download Key Investment Information Sheet
This project is secured with guarantee from the holding company, Oceano Fresco.
Oceano Fresco was founded in 2015 by Bernardo Ferreira de Carvalho.
The company is focused on sustainable aquaculture of high-value bivalves (European clams), using scientific research and methods, and an innovative approach in the systematic improvement of aquaculture. Funded in 2015 by Bernardo Ferreira de Carvalho, the company's motto is: “we can regenerate nature if we farm and eat better”. The company is led by a Board of five Directors with scientific, financial, and business experience, including launching and scaling up of start-ups. They are supported by a growing Operational Team (43 people) covering R&D, production, and business and several Advisory Board members with world-renowned fish breeding experts.
The company has built a state-of-the-art Biomarine Center, including a 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).
Oceano Fresco’s revenue comes from the sale of high-quality and high-value bivalves, for which market demand far exceeds supply. The production will be primarily sold in Europe but also in other regions. 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 7,5 million euros in seed-stage equity investments and 4,2 million euros in competitive grants. Most recently in November 2021, Oceano Fresco announced a 6.1 million euro Series B round with new shareholders AquaSpark and Semapa Next. In July 2024, the company announced a new €17 million Series B funding round with renowned investors, including existing ones, as well as Indico Capital and Banco Português do Fomento as new shareholders.
The Company expects to reach a turnover of 9m€ in less than 3 years, and of 250m€ in a matter of 7 years. So far, it has reached out to over 50 potential customers (among shellfish distributors and supermarkets). Their intention to buy at the prices established in the business model largely exceeds the company’s production capacity in the first years, a positive sign for the company to achieve the predicted turnover.
Oceano Fresco has assembled a world-class team of international advisors, managers, scientists, breeders, and technicians and aims to become a game-changer in the 20€ billion shellfish market, contributing to higher levels of sustainability in European and global food production.
Active since
2015
Fiscal country
PT
Operating In
Portugal
Industry
Aquaculture
Number of Goparity Loans
9
Women Shareholders
No
Website
http://www.oceano-fresco.pt/2021-02-18
By the end of March, Oceano Fresco plans to achieve:
2020-12-16
First instalment was paid to all the investors
2020-11-16
379 investors successfully raised 150.000€
2020-10-14
After raising 75.000 € in one week, the promoter decided to double the global investment amount of its campaign to 150.000 €. Simultaneously, the campaign was extended until 14/11/2020. All the other offer conditions remain the same.
2020-10-06
This campaign will help avoid the emission of 25 tons of CO2 per year