Local Ocean

Overview
Sustainable Aquaculture?
Product stageSegments
Ideation
?
Farming (Shellfish/Aquatic plants)
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Local Ocean is a Lithuanian aquaculture technology company focused on developing sustainable shrimp farming solutions. The company's innovative approach aims to create a fully sustainable, low-cost, and high-yield shrimp production system with a small environmental footprint. Local Ocean's production method is designed to ensure minimal ecological impact, utilizing renewable energies, implementing a zero water exchange policy, and recycling and reusing waste. The company maintains stringent quality control standards, prohibiting the use of chemicals, antibiotics, or synthetic products in its shrimp production process. By developing eco-friendly farming technology for growing high-quality shrimp, Local Ocean seeks to address several environmental and ethical concerns in the shrimp industry, including the destruction of mangrove areas, overfishing of wild shrimp populations, and human rights abuses in traditional shrimp farming operations. The company's approach not only aims to supply quality shrimp but also to preserve marine life and ecosystems.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Kaunas LTU
Founded year:
2011
Employees:
1-10
IPO status:
Private
Total funding:
USD 1.3 mn
Last Funding:
USD 188.6 k (Pre Seed; May 2020)
Last valuation:
USD 3.5 mn (May 2020)
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