# Minnowtech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/minnowtech

- Industry: Biotechnology
- Headquarters: Baltimore, US
- Website: www.minnowtech.com
- Total disclosed funding: $0.6M
- Latest round: Series A (Feb 26, 2024)
- Investors on record: 6

## About

Based in Maryland, US, and founded in 2018 by CEO Suzan Shahrestani, Early Charm, and Ken Malone, Minnowtech, Inc., a.k.a. Minnowtech is an aquaculture technology company that develops a technology that empowers shrimp farmers by providing real-time insights into their ponds’ shrimp population and biomass. In February 2024, Minnowtech, Inc. raised Series A funding led by TCP Venture Capital, with participation from the University System of Maryland Momentum Fund, the Abell Foundation, and the Maryland Technology Development Corporation.

The company leverages precise sonar imaging techniques, which enable farmers to optimize their harvests and profits to enhance their livelihoods. Minnowtech is also developing a subsurface biomass reading technology that allows shrimp farmers to improve efficiency and profitability in Pacific white-leg (Litopenaeus vannamei) aquaculture.

The company plans to use its proceeds from February 2024 funding to reply to Saudi Arabian, Thai, Indonesian, Peruvian, and other shrimp farmers' buying requests.

## Funding rounds

- Series A, Feb 26, 2024 — Abell Foundation, TCP Venture Capital, Maryland Technology Development Corporation, Maryland Momentum Fund
- Seed, Nov 4, 2019, $0.6M — Maryland Momentum Fund, Hatch Blue, University of Maryland Center for Environmental Science Foundation, Inc.

## Investors

- Maryland Momentum Fund (https://capitalatlas.ai/funds/maryland-momentum-fund) — Seed, Series A
- Hatch Blue (https://capitalatlas.ai/funds/hatch-blue) — Seed
- University of Maryland Center for Environmental Science Foundation, Inc. — Seed
- Abell Foundation — Series A
- TCP Venture Capital (https://capitalatlas.ai/funds/tcp-venture-capital) — Series A
- Maryland Technology Development Corporation — Series A