Boston-based InnovaSea Systems has raised $15 million (€14.4 million) to develop open-ocean fish farming technology, reports the Boston Business Journal.
The new funding comes from Cuna Del Mar, an investment firm focused on open-ocean aquaculture.
Cuna Del Mar's portfolio includes seafood firms Open Blue and Sol Azul.
"The financing was part of a planned strategy to support the continued investment in making the farm platform," David Kelly, CEO of InnovaSea, told the Business Journal.
He said the company plans to focus more on bringing its product to market in 2018.
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