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Umitron raises $15 million

The Fish Site
by The Fish Site
16 June 2022, at 9:38am

Umitron has raised $15 million SGD (USD 10.8 million) in their pre-series B round from ENEOS Holdings, QB II Investment Limited Partnership, Toyo Seikan Group and other commercial banks by combining equity and debt finance.

Umitron's products include Remora and Pulse
Umitron's products include Remora and Pulse

Combined with its series A financing in 2018, Umitron has raised 30 million SGD. With this funding the company aims to strengthen the business foundation of its existing and new services, accelerate overseas business development for salmon and shrimp farming, and increase collaboration with its partners, in which they have significant investments to date.

In addition to strengthening its existing business, Umitron says that it intends to use the funding to enhance the global development of its services. The company has already formed multinational teams with diverse backgrounds in Singapore and Japan. Furthermore, it will further accelerate the establishment of local subsidiaries and business development in key salmon production regions such as Northern Europe and Chile, and in Southeast Asia, a major market and production hub for shrimp farming.