Ace Aquatec Raises £10M in Funding
Summary
The round, which consisted of a £7.5M in equity funding plus an additional £2.5M debt facility, was led by Stolt Ventures, with participation from Scottish Enterprise and Aqua-Spark. The company intends to use the funds to enable the development of data-driven tools that provide actionable insights to improve both fish welfare and operational performance for farmers across the globe. Led by CEO Nathan Pyne-Carter, Ace Aquatec provides customers with AI cameras able to track fish weights, detect health issues (such as wounds or maturation), and track individuals in multiple species. It also produces humane slaughter systems for farmed and wild fish using electricity in water. The company plans to create 15 new roles and expand its presence in Scotland, Chile and elsewhere in South America.