# Oceano Fresco, S.A

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oceano-fresco-s-a

- Industry: Agribusiness
- Headquarters: Portugal
- Website: www.oceano-fresco.pt
- Total disclosed funding: $9.9M
- Latest round: Series B (Nov 16, 2021)
- Investors on record: 3

## About

Based in Portugal, Oceano Fresco, S.A is an innovative aquaculture company specializing in the sustainable cultivation of clams in the Atlantic Ocean, focusing on providing healthy seafood options to health-conscious consumers.Oceano Fresco, S.A, founded in 2015, specializes in the sustainable cultivation of bivalves, particularly clams. The company has successfully completed 5 deals, with the most recent funding round taking place on 25th July 2024, where it raised EUR 17 million led by Indico Capital, alongside Aqua-Spark, Banco Português de Fomento, and BlueCrow Capital. The company is led by CEO Bernardo De Carvalho, who co-founded Oceano Fresco, bringing a wealth of experience in aquaculture to the firm.Oceano Fresco specializes in the sustainable cultivation of bivalves, specifically clams, in open sea environments within the Atlantic Ocean. The company's core offerings involve a comprehensive approach to aquaculture, where bivalves are born in a controlled hatchery and subsequently grown in open-water nurseries. This method emphasizes environmental regeneration, aiming to provide a healthier food source for consumers. Their products are distinguished by being naturally sustainable, nutritious, and flavorful, catering particularly to health-conscious consumers and the seafood industry. Oceano Fresco targets markets within Europe and North America, supplying its bivalve products to restaurants, grocery chains, and direct consumers who prioritize sustainable seafood options.Oceano Fresco generates revenue through direct sales of its clams, establishing partnerships with both retailers and wholesalers within the seafood distribution network. Transactions are conducted on a B2B basis, where restaurants and grocery outlets place bulk orders to stock their shelves or menus with sustainably harvested bivalves. The company's business model is built around the growing demand for eco-friendly food sources, allowing it to capitalize on partnerships with eco-conscious brands. Pricing structures vary based on volume and delivery frequency, providing flexibility to clients looking to incorporate sustainable seafood into their offerings.In July 2024, Oceano Fresco, S.A raised EUR 17 million in venture funding, which will be utilized to grow its business platform and increase its channel distribution. The company is focused on expanding its market reach into new geographic areas, particularly targeting additional regions within Europe and North America as part of its growth strategy.

## Funding rounds

- Series B, Nov 16, 2021, $6.9M — Aqua-Spark, Semapa Next
- Series A, Nov 11, 2019, $3M — BlueCrow Capital

## Investors

- BlueCrow Capital (https://capitalatlas.ai/funds/bluecrow-capital) — Series A
- Aqua-Spark (https://capitalatlas.ai/funds/aqua-spark) — Series B
- Semapa Next (https://capitalatlas.ai/funds/semapa-next) — Series B