Fish Farming Startup BioFishency Raises $2.4 Million

Israel-based fish farming startup BioFishency Ltd. has raised $2.4 million, the company announced Wednesday.

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Founded in 2013 and based in Misgav, a community in the Galilee region, BioFishency develops plug-and-play water treatment systems for land-based aquaculture.

The funding round was led by Dutch sustainable aquaculture investment fund Aqua-Spark and existing investor The Trendlines Group Ltd., a Singapore-traded Israeli tech commercialization firm.

BioFishency markets its systems to customers in countries including Israel, Congo, India, and China, and has made over $1.3 million in sales in 2018, according to the company’s statement.

The company intends to use the funds to set up a China office and for further research and development.