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 seed investment from Neovia.

Business overview

AquiNovo develops proprietary non-hormonal, non-GMO specialty feed additives designed to enhance fish yields and revenues while improving fish feed utilization, thereby reducing feed costs. The company's initial products target tilapia, with future plans to include species such as salmon, carp, and shrimp. AquiNovo sells its products to feed producers for incorporation into their feed, which is then sold to fish farms. The company operates within the Agriculture & Food Technologies sector, focusing on sustainable farming and novel food ingredients.

Strategic signal

In November 2017, AquiNovo raised $1.5 million in seed investment, signaling investor confidence in its innovative approach to aquaculture. This funding highlights the market's interest in sustainable solutions for increasing fish protein production and addressing global food security challenges, positioning AquiNovo as a key player in advancing responsible aquaculture practices.

Company Intelligence Q&A

What is AquiNovo's core mission?

AquiNovo's core mission is to accelerate the growth of farmed fish by developing proprietary non-hormonal, non-GMO specialty feed additives. This aims to increase fish yields and revenues while improving feed utilization and reducing costs for fish farms.

When was AquiNovo founded and by whom?

AquiNovo was founded in October 2015 by Nissim Chen.

What was a significant funding event for AquiNovo?

In November 2017, AquiNovo raised US$1.5 million in a seed investment round from Neovia.

What types of fish does AquiNovo's technology target?

AquiNovo's initial products target tilapia, and the company plans to expand to other species such as salmon, carp, and shrimp in the future.

How does AquiNovo's technology contribute to sustainability?

AquiNovo's technology promotes sustainability by preserving fish populations in the sea, providing food security, reducing hunger and poverty, and fostering responsible production, aligning with UN Sustainable Development Goals.