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The Black Cod Company secures funding for sablefish farm
May 2, 2025 By RAStech staff
Ohad Maiman and Thue Holm launched AquaFounders Capital in April 2023. The Black Cod Company, a land-based farmer focused on the full cycle production of Black Cod (sablefish), has received an investment from InnoGo! Fund.
“We are excited to take the next step in the development of The Black Cod Company with the strong support of the Province of Zeeland, and grateful for the assistance of Impuls Zeeland and the InnoGo! Fund,” said co-founder Ohad Maiman.
AquaFounders Capital developed the Black Cod Company, aiming to be the first land-based producer of black cod in Europe. It has received confirmation of a fully permitted site in the Netherlands. This funding enables the company to begin broodstock import and acclimation.
“Working to bring the first Black Cod broodstock in the E.U. is a significant milestone in building a solid land-based business case, on the basis of a high-value species deployed at an otherwise import-dependent market,” said co-founder Thue Holm.
The selected site in Zeeland has an existing 1,200 square meters building ready to be converted to a full-cycle hatchery and initial production, and permits for an additional 2,000 square meters grow-out facility, and the right infrastructure, logistics, and specialist knowledge in aquaculture.
“From the beginning, we helped think about the location and put the company in touch with the right parties, such as governments and LNV. We also helped obtain the necessary permits,” said Rogier van der Torren, foreign direct investment manager at Impuls Zeeland.
Impuls Zeeland’s Investment team joined to guide the company through a financing process via the InnoGo! fund. Impuls Zeeland will remain involved in the further development of the company.
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