AquiNovo Overview
AquiNovo develops proprietary non-hormonal, non-GMO specialty feed additives designed to increase fish yields and revenues while improving fish feed utilization, thus reducing feed costs. The value proposition for fish farms is higher fish yields at an increased profit. The companys initial products target tilapia, the second most commonly farmed fish for human consumption, and future products will target species such as salmon, carp, and shrimp. AquiNovo will sell its products to feed producers to be incorporated into their feed and sold to fish farms. Beyond providing an exceptional business opportunity, AquiNovos technology has a clear positive impact on sustainability and societies. It promotes achievement of the UN Sustainable Development Goals, including preserving fish populations in the sea, providing food security and reducing hunger and poverty, and fostering responsible production.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Hundreds from 30 nations explore Israeli agtech innovation
WeedOUT, an Israeli startup, won the Best Israeli Agtech Company Competition at the AgriVest 2018 conference. The conference showcased the latest in Israeli agricultural and food technology. WeedOUTs CEO, Efrat Lidor Nili, received a round-trip airline ticket to attend a program in Paris and Dijon. AquiNovo, a Trendlines portfolio company, won second prize. The conference highlighted the increasing investments in global agriculture and food technology startups. The event also featured discussions on topics such as blockchain in the agtech food chain and the impact of robotics and automation on agriculture. The conference was organized by The Trendlines Group, GreenSoil Investments, and Israel New Tech, with the support of Israel Advanced Technology Industries, the Israel Innovation Authority, and Start-Up Nation Central. Additionally, the FoodTechIL convention and the Agritech Israel exhibition took place in Tel Aviv during the same week.
InvestmentPartners
growth-positive
Fish Farming Startup AquiNovo Raises $1.5 Million in Seed Investment
Farming company Neovia has invested $1.5 million in AquiNovo, an Israel-based fish farming startup. AquiNovo has developed a non-hormonal additive for fish feed that enhances the growth of farmed fish and increases the efficiency and profitability of fish farming. The technology has been successfully tested in tilapia and will be ready for market within 3-4 years. AquiNovo intends to use the investment to further develop and test the technology for use on salmon and other farmed fish. The investment from Neovia will help AquiNovo address the growing interest in sustainable and efficient fish farming technologies, as overfishing and depletion of marine resources continue to be a concern. AquiNovos technology could also reduce or eliminate the use of hormones in fish farming.
Investment
growth-positive
AquiNovo Raises US$1.5 Million from Neovia
AquiNovo Ltd., a portfolio company of The Trendlines Group, has signed an agreement with Neovia for an investment of US$1.5 million. AquiNovo develops solutions to improve farmed fish development and offers a non-GMO, non-hormonal solution to be incorporated into fish feed. The investment from Neovia affirms their confidence in AquiNovos technology and its potential to make a difference in the aquaculture market. Aquaculture is a fast-growing market with increasing economic opportunities, and AquiNovos technology aims to provide higher yields, lower production costs, and reduced exposure to risks associated with longer growth periods. Neovia, a recognized partner in the international aquaculture market, is interested in collaborating with AquiNovo to benefit from their innovative technology.
Investment
growth-positive
Israeli innovation could feed world with bigger, farmed fish
An Israeli professor has discovered a way to make fish grow bigger with the same inputs, potentially increasing the productivity of fish farming. The professor identified two proteins that play a crucial role in promoting fish reproduction and developed molecules to disrupt reproduction, leading to increased growth rates. The theory has been proven in tilapia, with fish fed the inhibitors gaining 25% more weight compared to those that did not receive the supplement. The technology has been licensed to a startup named AquiNovo.
CustomersPartners
growth-positive
Innovation feeds the world with more fish protein
AquiNovo Ltd., a start-up licensed by Yissum, the Technology Transfer company of the Hebrew University, is developing technology to generate growth enhancers for farmed fish. The technology, developed by Prof. Berta Levavi-Sivan and her team, involves the use of molecules that neutralize the effect of Neurokinin B (NKB) and Neurokinin F (NKF), which are secreted by the brains of fish and play a crucial role in their reproduction. By inhibiting fish reproduction, the molecules lead to increased growth rates. The inclusion of these inhibitors in fish feed has resulted in a 25% weight gain for young tilapia. Aquaculture is the fastest growing food-producing sector in the world and is expected to play a vital role in meeting the increasing demand for sustainable food sources. The technology developed by AquiNovo has the potential to benefit a wide variety of fish species and contribute to job growth in the aquaculture industry.
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| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $2.5M |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 4 |
| Investors | 3 |
Team Members
2
Employees: 1-10
Web & Social Links
| Website | aquinovo.com/ |
Locations
Pinhas Sapir Street 3, Ness Ziona, Israel
Photos & Videos
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