AquiNovo

Company Overview

Snapshot

Founded in October 2015 by Nissim Chen, AquiNovo operates with 1–10 employees. The company has raised $2.5 million across four funding rounds from three investors. In November 2017, AquiNovo secured a $1.5 million seed investment from Neovia.

Business overview

AquiNovo develops proprietary non-hormonal, non-GMO specialty feed additives designed to increase fish yields and revenues while improving fish feed utilization and reducing feed costs. The company's initial products target tilapia, with future products planned for species such as salmon, carp, and shrimp. AquiNovo operates in the Agriculture & Food Technologies sector, specifically within Food Tech and Sustainable Farming, selling its products to feed producers for incorporation into fish farm feeds.

Strategic signal

In November 2017, AquiNovo raised $1.5 million in seed investment from Neovia. This funding validated the company's approach to sustainable aquaculture and signaled investor confidence in its technology for enhancing fish growth and feed efficiency, positioning AquiNovo to further develop its non-hormonal, non-GMO feed additives for the farmed fish market.

Company Intelligence Q&A

What is AquiNovo's primary focus?

AquiNovo develops proprietary non-hormonal, non-GMO specialty feed additives aimed at increasing fish yields and revenues while improving feed utilization for farmed fish.

When was AquiNovo founded?

AquiNovo was founded in October 2015.

Who is a key founder of AquiNovo?

Nissim Chen is a founder and board member of AquiNovo.

Which fish species do AquiNovo's initial products target?

AquiNovo's initial products target tilapia, with plans to expand to species like salmon, carp, and shrimp.

What significant funding did AquiNovo receive in November 2017?

In November 2017, AquiNovo raised $1.5 million in seed investment from Neovia, as reported by Calcalistech.com and PR Newswire.