- Kenyan fish farming platform Aquarech has raised $1.7 million in funding to increase its headcount and purchase more feed.
- Aqua-Spark led the round, while Acumen, Katapult, and Mercy Corps Ventures participated.
- The company will also use the fund to build infrastructure to enable further vertical integration of its technology.
Kenya”s demand for fish is on the rise due to the country’s expanding population, rising disposable incomes, and growing knowledge of the health benefits of fish.
Consequently, Dave Okech, James Odede, and Joseph Okoth founded Aquarech in 2019 to meet the fish demand in the country.
Aquarech claims it connects fish farmers, feed manufacturers, and buyers to trade and build trust. With its mobile app, small-scale fish farmers can connect to ready markets and boost productivity through high-quality feeds, farm management, and the Internet of Things (IoT).
The platform also allows fish feed manufacturers, farmers, and buyers to learn about best practices for aquaculture and ways to increase their earnings.
Additionally, the company keeps a portion of any fish or feed sales arranged through its platform.
Aquarech offers…
Victoria Fakiya
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https://techpoint.africa/2023/11/22/kenyan-aquarech-funding-vertical-integration/
