Digital Aquaculture Innovator Raises $7M in Series A Round from Rabobank and Aqua-Spark
Summary
Ecto plans to use the investment to advance its leading position in the market for digital decision support tools for aquaculture, the fastest growing animal protein industry. Our goal is to build analytical connective tissue between all parts of production to drive evidence-based insights that improve habitat welfare, reduce economic losses for producers, and further advance the sustainability profile of the industry.” Ecto CTO Gary Livshin, a veteran software executive, commented further: “Aquaculture today is where banking software was 20 years ago — large companies are debating build vs. buy decisions with integrations and interoperability still in their infancy.” “Ecto provides the aquaculture industry the long awaited data platform enabling cost reductions and risk mitigation previously not possible” says Gorjan Nikolik, Rabobank Senior Global Seafood Analyst. RFAIF leverages Rabobank’s extensive global network and sector knowledge to support the growth and success of start-up companies leading innovation across the food and agri supply chain. Since 1997, Seventure Partners has been investing in innovative businesses with high growth potential in the fields of life sciences and digital technologies across Europe, North America & Asia. Vodia Ventures invests early stage capital in companies tackling pressing social and environmental challenges with a focus on food and water security, safe aging and access to healthcare, and resource efficiency and circular economy.