Scottish Aquaculture Tech Company Ace Aquatec Raises €11.7M; Will Create 15 Jobs
Dundee, Scotland-based Ace Aquatec, an aquaculture technology company, has secured £10M (approximately €11.7M) in funding, consisting of £7.5M in equity funding plus an additional £2.5M (approximately €2.9M) debt facility.
The funding round was led by Stolt Ventures, with participation from Scottish Enterprise and Aqua-Spark.
This latest round was oversubscribed and incorporates a period post-close to allow further investors to participate.
Fund utilization
The funding will help the company create 15 jobs at the company’s offices in Dundee, Glasgow, and Chile...
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