Investment group S2G Ventures, backed by Walmart scion Lukas Walton, closed another aquaculture investment, edging closer to deploying all the capital in its maiden $100 million (€92 million) fund, a source familiar with the deal told IntraFish.

S2G Ventures’ most recent deal, completed in January 2024, is a $3 million (€2.7 million) investment in Hawaii-based natural astaxanthin producer Kuehnle AgroSystems. The fund declined to reveal the amount invested.