Ace Aquatec, headquartered in Dundee, Scotland, has raised £10M to expand its aquaculture technology offerings. The funding, led by Stolt Ventures, includes £7.5M in equity and a £2.5M debt facility. This capital will create 15 jobs aimed at improving fish welfare and sustainability through advanced AI and machine learning technologies. CEO Nathan Pyne-Carter emphasizes the investment's role in meeting global farmers' demands. The funding will help accelerate growth and international expansion, with new director Axel de Mégille joining the board to oversee operations.
"Our customer is at the heart of everything we do, and this investment allows us to meet the needs of farmers globally by expanding our portfolio, hiring top talent, and deepening our data capabilities."
"This investment demonstrates our ongoing commitment to providing world-class innovative solutions to the aquaculture sector globally, and we look forward to working together..."
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