Royal Caridea
Royal Caridea (Royal) is a shrimp farming company that is focused on commercializing its revolutionary Integrated Multi-Phasic Production Technology (IMPT). Shrimp consumption is increasing by approximately 20% each year, driven by a growing population in search of high-quality protein. While consumers accept frozen shrimp, they prefer locally grown fresh products due to concerns about illegal and contaminated seafood entering the market. The current wild fisheries and farming practices cannot meet the demand for fresh or live shrimp. As a result, there is an urgent need for a new approach to the shrimp farming industry. In the 1990s, research laboratories determined that a total transformation of shrimp production methods was necessary for success. This transformation requires year-round indoor production, production levels exceeding 200 MT/ha/yr, production of larger shrimp, mortality rates below 20%, growth rates of more than 1.5 gm/week, and a biosecure, sustainable, and predictable system. Royal's technology aims to be the transformative change needed in the industry. Their patent-pending production method is innovative, sustainable, and supports the production of shrimp close to consumers without the use of antibiotics or toxic chemicals, ensuring it is harvested under sanitary conditions. Local farming allows for the delivery of safe and sustainable shrimp products on a daily basis.
Royal Caridea (Royal) is a shrimp farming company that is focused on commercializing its revolutionary Integrated Multi-Phasic Production Technology (IMPT). Shrimp consumption is increasing by approximately 20% each year, driven by a growing population in search of high-quality protein. While consumers accept frozen shrimp, they prefer locally grown fresh products due to concerns about illegal and contaminated seafood entering the market. The current wild fisheries and farming practices cannot meet the demand for fresh or live shrimp. As a result, there is an urgent need for a new approach to the shrimp farming industry. In the 1990s, research laboratories determined that a total transformation of shrimp production methods was necessary for success. This transformation requires year-round indoor production, production levels exceeding 200 MT/ha/yr, production of larger shrimp, mortality rates below 20%, growth rates of more than 1.5 gm/week, and a biosecure, sustainable, and predictable system. Royal's technology aims to be the transformative change needed in the industry. Their patent-pending production method is innovative, sustainable, and supports the production of shrimp close to consumers without the use of antibiotics or toxic chemicals, ensuring it is harvested under sanitary conditions. Local farming allows for the delivery of safe and sustainable shrimp products on a daily basis.
Royal Caridea has raised $780k across 1 round. Its most recent round was a Seed of $780k in Nov 2023. Full funding history, investors, and team are detailed below.
Funding history
1 round on record.
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