Molofeed raised money from the Dutch from Aqua-Spark.

Molofeed, a Bergen, Norway-based company working on an innovative technology to produce larval feed for marine finfish and shrimp, completed an investment round.

The money was provided by investors including Aqua-Stark and will be used for marketing and increasing production capacity.

Molofeed, founded as Minipro in 2015 by CEO Ingmar Høgøy, has developed a high-quality larval feed for marine finfish and shrimp based on proprietary micro-encapsulation technology that makes it possible to include pre-digested and other water-soluble components in a capsule, and slow-release nutrients after feeding. The technology has several additional potential applications, including acting as a delivery system for bioactive peptides, immunostimulants, and probiotics.

Because of their size and digestive capabilities, young fish require highly specific feeds -- commonly sourced from live prey, such as Artemia and Rotifers, which are costly, carry disease-risk, and have a significant environmental footprint. Molofeed is able to substitute more live feed than current products, with a vision of one day replacing live feeds altogether. The current product’s particle sizes and nutritional composition allows for early weaning, leading to a replacement rate of up to 50%.