Singapore-based impact investor Silverstrand Capital announced an additional €15 million investment in Netherlands-based aquaculture investment fund Aqua-Spark, bringing its total investment to €25 million.

As a single-family office with an impact investing mandate focused on combating the biodiversity crisis, Silverstrand is focused on advancing regenerative food systems and natural climate solutions. Silverstrand first invested in Aqua-Spark in 2020, joining Aqua-Spark’s large network of experts, organizations, institutions, and portfolio companies working together to advance and improve the global aquaculture industry. With this increased funding and expanding partnership, Silverstrand’s principal, Kelvin Chiu, will take a seat on Aqua-Spark’s advisory board while Patti Chu, Silverstrand’s head of impact, will join the investment committee.

Notably the largest sustainable aquaculture fund globally, with over 300 investors in over 25 countries, Aqua-Spark has grown the amount under their management (AUM) to over €450 million since its inception in 2013. The fund’s portfolio comprises of companies such as eFishery and Calysta, among other notable leaders in the space. With the help of these companies, Aqua-Spark has reduced the use of wild resources in feed by the equivalent of 58.6 million fish, upcycled 49.3 million kg of industry waste, and improved the traceability for 40.4 million kg of food.

“With the global population having passed eight billion people, smarter and more efficient methods for growing nutrient-rich food are needed,” said Amy Novogratz and Mike Velings, co-founders of Aqua-Spark. “Fish supply 17% of the world’s protein, and by 2030 the planet is expected to eat nearly 20% more fish. With our ocean approaching the brink of species collapse, this increase must come from sustainable sources: namely aquaculture. With its initial investment, Silverstrand Capital already committed to a better future for responsible aquaculture and with this next round, they are doubling down. We are honored to work with them and to keep advancing a commercial aquaculture system that puts our planet and its population’s health first.”