SRS advises Oceano Fresco on €6.1m financing round

SRS Advogados has advised Oceano Fresco on its €6.1million series B financing round

pjimage 2021 11 17T103209.001SRS Advogados has advised Oceano Fresco on its €6.1million series B financing round, led by Aqua-Spark and Semapa Next.

Oceano Fresco is a Portuguese scale-up active in the bivalve aquaculture (shellfish farming). It is a sustainable seafood company using innovative aquaculture techniques to grow high-quality bivalve species. They supply customers in Spain and Portugal and soon will expand to other European markets. The company has been funded by its founders, by public grants, and by venture capital investors who share their vision of a true ‘Blue Economy’ for Europe and the World.

Aqua-Spark is a leading Dutch VC focusing on the blue economy investment. They are a global investment fund based in Utrecht, that is developing this optimal aquaculture food system by investing in companies all along the aquaculture value chain working to solve industry challenges, with a shared vision of a sustainable future.

Semapa Next is a Portuguese corporate venture capital firm that invests in teams of founders from Series A to late-stage funding.

Bernardo Ferreira de Carvalho, founder and ceo of Oceano Fresco, said: “It’s very exciting to have such renowned, seasoned investors as Aqua-Spark and Semapa NEXT on board with Oceano Fresco. They share our vision for sustainable food and the importance of innovation to deliver it. We got this far thanks to our exceptional team. The future looks very bright indeed.”

SRS Advogados’ team advising on the deal was led by partner Paulo Bandeira (pictured left) and Solange Fernandes (pictured right).

Michael Heron