London-based private equity firm Ocean 14 Capital’s recent investment in land-based kingfish producer The Kingfish Company reflects its belief in the viability and necessity of land-based aquaculture.

The Kingfish Company raised €32 million ($34.8 million) in an unsecured convertible loan in early July, with €11 million ($12 million) coming from Ocean 14 Capital.

“We see a very healthy road for the company ahead.