French aquaponics shrimp producer Agriloops has raised €13 million ($14 million) in a fundraising round for the launch of its first commercial-scale farm.
The company has patented its aquaponics technology, which farms shrimp in a salty environment with co-produced fruit and vegetables, and will now scale up its commercial demonstration project, "Mangrove #1".
Mangrove #1 consists of a 2,000 square meter aquaculture building and an adjoining 5,000 square meter market garden greenhouse set on around an acre of land on the outskirts of Rennes, in northwest France, around 350 kilometers west of Paris.
