Portuguese venture capital firm Indico Capital Partners has invested in two biotech companies; Italian Ittinsect and Inclita Seaweed Solutions in Portugal.
Ittinsect is a Rome-based feed company developing a high-quality and sustainable aquaculture feed alternative from insects and other by-products, and Inclita Seaweed Solutions develops seaweed extracts for the pet care, food & beverage, cosmetics and nutraceutical industries. Nutraceuticals can be defined as a product derived from food sources offering added medical or health benefits.
Indico was the lead investor in Inclita Seaweed Solutions' €3.2
