KOA says that its biosensor system that, combined with proprietary algorithms, forms an autonomous device capable of early detection of waterborne infections and thereby enables fish farmers to implement measures in production systems to prevent the spread of infections in water, reducing mortality caused by infectious pathogens and the use of antibiotics.
Sira Mogas, CEO and founder of KOA, noted in a press release: “Infections in fish farms are a growing problem, causing losses of up to 30 percent of production (economically estimated globally at over $6 billion).”
The investment round was led by Swanlaab Innvierte Agrifood-Tech, and includes participation from Fund-F and Faber.
As Nora Alonso, general partner of Swanlaab Innvierte Agrifood-Tech, highlights in a press release: “Investing in technological and innovative companies like KOA is key for the development and value creation based on the research conducted in this sector in Spain, as well as a lever for the development and differentiation of the country's agri-food sector, with a global impact. Additionally, it represents an opportunity to attract foreign investment in this sector, as in the case of KOA, which in this investment round has the participation of two international impact funds, Fund-F and Faber.”
This investment round will enable KOA not only to advance its technological development and consolidate its technology in the sector but also to implement its commercial plan, ensuring the company's future growth.
