Share
100% funded by 320 investors
instalment
monthly
term
2 years
yearly interest
5.2%
risk rating
C+
Oysterworld aims to increase its production capacity to 360 tonnes / year, trough an investment in innovative production material and methods of oyster farming.
The Project needs a global investment of €2.1M to be topped between the years of 2019 and 2020. This investment will be mostly funded by a fund of outright grants called MAR2020, in the amount of €1.07M, the remnant funds will be granted by the company's own capital and through crowdlending.
After the successful funding of Oysterworld I and II, 700.000€ (31% of the total investment) has already been invested and implemented: the cleaning row was acquired, the sorting and calibration of the oysters and the warehouse construction are done, and the photovoltaic panels that generate energy for the whole operation is operating.
This third stage of the investment hopes to complement and fasten the other components, like:
(i) Production equipment (Hexcyl Bags)- The bags and tables are necessary to accommodate the oyster growing.
(ii) Soil transactions
(iii) Floodgates
(iv) Supporting equipment (mini-dredge, backhoe, oysters tables and sizing machine)
(v) Payment of the selector- The selector is an essential investment in the oyster farming which enables the separation of the product by weight (calibers)
The oyster extraction sector is mainly settled in traditional techniques and intensive labour and that is why Oysterworld, which positions itself as one of the most innovative in the sector in Portugal, is looking to use new technological methods which, not only will assure its competitiveness in a growing market, but also ensure better work conditions and a better product.
This project has a very positive social and environmental impact contributing to:
“This is a unique project that combines the positive environmental impact with the growth of a value-added industry, with potential for export and job creation in local communities", explains Nuno Brito Jorge, CEO of Goparity.
Founded by the current shareholder and Head of Production, Francisco Bernardino, Oysterworld is dedicated to the sustainable production of oysters. Francisco and his partner, Lopo Rocha, have more than 10 years of experience in the oyster industry. The company owns an area of 18 ha in Setúbal and has 16 employees, including biologists, chemical and mechanical engineers, pathologists and financial experts. For the development of its activity, the company owns two ships - Canes and Alcaçarenha & Cobelos, located in Setúbal. They have a combined area of more than 20 hectares and are located in the Sado Estuary Nature Reserve. The peculiarity of these waters makes them ideal for the development of oyster farming, mainly with regard to hydrographic conditions (tides), saline levels and the richness of the phytoplankton.
Francisco has a master's degree in Marine Biology and has spent his entire career in the sector, undertaking various consulting projects and participating in 2 aquaculture startups. Throughout his career, he has had the opportunity to develop offshore production projects for both bivalves and fish, conduct aquaculture feasibility studies, and design oyster production circuits, among other projects. It is also noteworthy that Francisco has 11 years of experience at the Directorate General of Fisheries (currently DGRM) as a senior aquaculture technician, and has represented Portugal's interests before the European Commission.
Oysterworld has been dedicated to sustainable bivalve farming, namely oysters, for 7 years. The company has a share capital of 400.000€ and exports most of its production to European countries, mainly to Spain, France and the Netherlands. The market they operate in is characterized by high demand and lack of supply (selling 100% of the production in recent years) and it has a great international potential (over 90%). Their value proposition is mainly focused on selling a high quality product not only for the applied production methods, but also for the species, which is greatly accepted in the market with a very competitive price that guarantees that 100% of the production is sold even in years where the production is greater. On top of this, they have an independent strategy by never relying on any single client for more than 20% of the company’s sales.
Active since
2013
Fiscal country
PT
Operating In
Setúbal
Industry
Aquaculture
Number of Goparity Loans
3
Women Shareholders
No
Website
http://oysterworld.pt/2021-10-25
This project has received the risk classification R, due to the fact that its loan restructuring (which happened on January 21st 2021) implied an increase of the loan term of at least 12 months.
2021-01-21
2020-02-20
2019-12-24
The campaign's end date was extended one more week and its goal amount was adjusted to 117.500€
2019-10-25