Royal Caridea

Overview
News
Sustainable Aquaculture?
Product stageSegments
Go-to-Market
?
Farming (Shellfish/Aquatic plants)
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Royal Caridea is a high-tech shrimp farming company based in Avondale, Arizona, focused on developing and commercializing innovative aquaculture technology. The company's core product is its patented GEN-2 Shrimp Farming Technology, which utilizes a stacked raceway system for shrimp production. This system is designed to maximize control while minimizing the environmental footprint, allowing for year-round production of fresh, never frozen, and live shrimp. Royal Caridea's technology enables cultivation of Pacific whiteleg shrimp (Penaeus vannamei) in low-salinity water, with each production system capable of scaling from 300,000 to 2 million pounds of shrimp per year.

The company operates a 72-acre demonstration facility in Gila Bend, Arizona, where it manages 40 shrimp ponds producing over 300,000 pounds of shrimp annually as of July 2022. Royal Caridea's production method aims to address sustainability concerns in the shrimp industry while meeting growing consumer demand for fresher, more local seafood options. The company has secured patents for its technology in the US, Australia, and has pending patents in the European Union.

In March 2024, Royal Caridea entered into a strategic licensing agreement with RushNet, Inc., granting exclusive rights to its technology platform for the US and Canadian markets. The company's system features a fully enclosed sealed design to minimize heat loss, reduce corrosion, and maintain robust biosecurity measures. Royal Caridea has also collaborated with Fuel Tech, Inc. to implement their DGI Dissolved Gas Infusion technology, which has shown promising results in maintaining optimal dissolved oxygen levels for shrimp growth.

Key customers and partnerships

Royal Caridea's shrimp has been endorsed by Executive Chef Danielle Leoni, an Ambassador of the Good Fish Foundation, who praised the quality and taste of the company's Arizona Desert Shrimp. Additionally, Active2Tec has expressed readiness to purchase Royal Caridea shrimp for international export, indicating potential expansion into global markets.


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:
12725 W Indian School Rd. Ste E 101 Avondale AZ USA
Founded year:
2019
Employees:
1-10
IPO status:
Private
Total funding:
USD 4.0 mn
Last Funding:
USD 780.0 k (Seed; Nov 2023)
Last valuation:
USD 9.6 mn (Sep 2022)
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