Land-based shrimp farming operation SwissShrimp, based in Rheinfelden, Switzerland, is looking to raise CHF 8 million (€7.4 million/$8.7 million) to double its production capacity because demand is outstripping its supply capacity.

SwissShrimp considers itself a pioneer in local and sustainable shrimp farming and has been operating what it claims is Europe’s largest recirculating aquaculture system (RAS) shrimp farm with a closed‐loop saltwater circuit since October 2018.

Through the share capital increase, the company now intends to raise additional funds for the next stages of its development.