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Texan shrimp farm raises its first $1 million

7 November 2019, at 9:52am

Natural Shrimp, which has developed and patented a unique recirculating aquaculture system (RAS) for shrimp and other species, announced today that it has raised $1 million in funding.

The Texan company is looking to raise a total of $5 million – both for the production of shrimp and other species, including barramundi and salmon.

Commenting on the financing, Natural Shrimp’s chief financial officer, William J Delgado, noted: “We are well underway on our expansion of the La Coste, Texas facility, including new fiberglass tanks and new Electrocoagulation (EC) units. We also are continuing our work with additional species, for example, barramundi and salmon via our majority owned subsidiary, Natural Aquatic Systems (NAS).”