Royal Caridea

Transform the shrimp production industry while addressing unmet market needs

https://wefunder.com/royalcaridea

Total raised on Wefunder: 82390

Total investors: 61

Quick facts

  • Already raised $935,000 from Series A Preferred Offering
  • Patented in USA and Australia; Pending in EU. GEN-2 is ready for commercialization.
  • GEN 2 Shrimp Farming is a Super Intensive Raceway Shrimp Farming Technology (SIRSFT)
  • Provide high-quality live shrimp 365 days a year anywhere in the world
  • Shrimp are grown disease free, with consistent harvest volumes, and highly-reduced crop losses
  • Raised funds through Harvest Returns, a dedicated Agricultural-focused crowdfunding platform
  • Revenues are projected to increase rapidly as production scales up (not guaranteed)
  • Current predictions are that global shrimp production will approach 11 billion lbs. in 2022

Team profiles

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Royal Caridea

Transform the shrimp production industry while addressing unmet market needs

Funded badge
Last Funded May 2023

$82,390

raised from 61 investors

What Investors Say

LEAD INVESTOR
Invested $20,000 this round + $25,000 previously
I have invested previously, and again at this time, in Royal Caridea because of the passion, experience, and technical expertise of its founders. Royal Caridea's mission is to produce great tasting, locally grown shrimp and to offer this to customers across the USA all year round, including ‘live shrimp’ and ‘fresh never frozen’ options. I am a co-founder of Devonian Capital, an international investment business focused on land-based fish and shrimp farming businesses with a strong technology component. Along with my colleagues at Devonian I have been investing in, and working closely with, a number of land-based aquaculture projects over the last 5 years. Having followed Royal Caridea's progress for a few years I invested personally in Royal Caridea last year alongside additional investments from my colleagues at Devonian. Seafood generally, and shrimp in particular, is a popular source of tasty and healthy protein. But there are numerous concerns about the sustainability of current shrimp production methods. Consumers want access to options that are fresher, more local, and, importantly, more sustainable. The Royal Caridea team has developed a great solution for this challenge. Their patent-protected production method of growing shrimp in a novel stacked raceway system maximizes control while minimizing the footprint of the site. This sector has huge potential, and shrimp is an immensely popular product in the USA. Royal Caridea also has huge potential and I’m excited to support this great team!
What People Say