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!