Norinchukin Capital to Invest in eFishery

By Editorial Team 28/07/2023
eFishery
Summary

Norinchukin Capital Co Ltd is set to invest in eFishery Pte Ltd under the Norinchukin Capital Strategic Co-Creation Fund.

The 10 billion yen fund, launched in May, mainly targets seed to early-stage startups that tackle socially meaningful and impactful issues, such as fintech, life tech, climate tech, agriculture tech, and food tech firms.

Based on disclosure on its website, Norinchukin Capital has acquired an interest in eFishery Pte Ltd by purchasing said interest from a fund that invested in eFishery. "Norinchukin Capital will work with eFishery to build and support the Southeast Asian fisheries value chain to realize the vision of The Norinchukin Bank as Asia's Leading Food and Agriculture Bank," the statement released on Wednesday reads.

eFishery plans to use the proceeds to accelerate its overseas expansion, particularly in the United States (US), and promote the distribution of traceable, environmentally friendly, high-quality seafood products globally.

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