• WHO WE ARE
  • CONTACTS
  • PARTNERS
  • ADVERTISING
  • NEWSLETTER
Sunday, June 4, 2023
BlueLifeHub
  • Home
  • News
  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events
  • Integrated Activities
No Result
View All Result
Blue Life Hub
  • Home
  • News
  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events
  • Integrated Activities
No Result
View All Result
Blue Life Hub
No Result
View All Result
Home Uncategorized

Victory Farms Secures $35 Million Series B Funding to Expand Sustainable Aquaculture Operations in East Africa

The Series B round was led by Creadev, a global VC and growth equity evergreen investor controlled by the Mulliez Family. The East African fish supply deficit is one of the greatest supply-demand imbalances in the global food system today

Editorial staff by Editorial staff
April 11, 2023
in Uncategorized
Reading Time: 2 mins read
1
Victory Farms Secures $35 Million Series B Funding to Expand Sustainable Aquaculture Operations in East Africa

Victory Farms Secures $35 Million Series B Funding to Expand Sustainable Aquaculture Operations in East Africa

Victory Farms Secures $35 Million Series B Funding to Expand Sustainable Aquaculture Operations in East Africa – East Africa’s aquaculture platform, Victory Farms, has successfully completed its $35m Series B round to fund the expansion of its operations in Kenya, Rwanda, and potential entry into Ethiopia, Uganda, and Tanzania.

The Series B round was led by Creadev, a global VC and growth equity evergreen investor controlled by the Mulliez Family. The East African fish supply deficit is one of the greatest supply-demand imbalances in the global food system today. The aquaculture industry supplies meet a mere 3% of the deficit. Victory Farms presents a scalable solution to East Africa’s nutritional security challenge. Tilapia is the most environmentally and financially efficient protein solution for Africa. The Series B financing enables the production of 100 million high-quality protein meals for East Africans annually, create thousands more direct, stable employment opportunities, and further enable tens of thousands more small, female-led fishmongers at local markets. Farmed tilapia emits just 1.5 kgs of carbon-dioxide per kilogram, 3 times lower than the next best animal protein (poultry), and 30x lower than beef.

The Series B round takes place in the eighth year since VF’s establishment when co-founders Joseph Rehmann and Steve Moran first drafted the business plan to bring their expertise in business operations and aquaculture to Kenya. The co-founders are excited to lead the company through its next chapter of growth, together with an experienced management team that brings expertise across Aquaculture, Operations, and African markets. Victory Farms is poised for further growth and advancement in its mission to build the world’s most sustainable end-to-end protein platform that will nourish 2 billion Africans with affordable, accessible, and healthy meals.

Victory Farms Secures $35 Million Series B Funding to Expand Sustainable Aquaculture Operations in East Africa

Tags: aquacultureblue economyblue transformationeast africafund
ShareShareTweetSend
Previous Post

The Monsoon Restaurant located in the Mtwapa Heritage Site in Kenya

Next Post

How the Blue Transformation of Aquaculture Can Affect Consumers Today

Editorial staff

Editorial staff

Related Posts

Pescatourism industry in Mediterranea showing promising signs for increasing fisher income

Pescatourism industry in Mediterranean showing promising signs for increasing fisher income

by Lucia Nicastro and Orazio Albano
April 17, 2023

Pescatourism industry in Mediterranean showing promising signs for increasing fisher income - According to a report by the European Parliament,...

Smoked Catfish from Tradition to Export

Smoked Catfish from Tradition to Export

by Lucia Nicastro
March 30, 2023

Smoked Catfish from Tradition to Export - In 2016, Vietnam’s catfish alone were exported to 137 countries and districts in...

Octopus. Scientific awareness initiative for thousands of young people

Octopus. Scientific awareness initiative for thousands of young people

by Yousef Eltahawy
March 8, 2023

Octopus. Scientific awareness initiative for thousands of young people - “Octopus” is the first initiative dedicated to Egypt and the...

A partnership between Italy and Côte d'Ivoire focused on sustainable food production

A partnership between Italy and Côte d’Ivoire focused on sustainable food production

by Orazio Albano
March 6, 2023

A partnership between Italy and Côte d'Ivoire focused on sustainable food production - On Friday 3 March at 11.30 a.m....

Next Post
How the Blue Transformation of Aquaculture Can Affect Consumers Today

How the Blue Transformation of Aquaculture Can Affect Consumers Today

Comments 1

  1. נערות ליווי בפתח תקווה says:
    2 months ago

    This is the right blog for everyone who wants to find out about this topic. You understand so much its almost hard to argue with you (not that I personally would want toÖHaHa). You certainly put a new spin on a topic thats been written about for decades. Wonderful stuff, just great!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

Newsletter

Blue Life Hub

The goal of Blue Life Hub is to inform and network between players in the Mediterranean and Africa, areas that have very important commonalities and shared interests.

Categories

  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events

Follow us on:

Stock images by Depositphotos

  • WHO WE ARE
  • CONTACTS
  • PARTNERS
  • ADVERTISING
  • NEWSLETTER

© 2023 INRETE S.R.L. P.Iva: 02557660814 -Blue Economy & Transformation news by In Rete.

No Result
View All Result
  • Home
  • News
  • Fishing
  • Aquaculture
  • Environment
  • Players
  • Innovation
  • Events
  • Integrated Activities
  • Who We Are
  • Contacts
  • Partners
  • Advertising
  • Newsletter

© 2023 INRETE S.R.L. P.Iva: 02557660814 -Blue Economy & Transformation news by In Rete.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist