The SOF’s $5-million investment in The Kampachi Company’s operation in La Paz, Baja California Sur, Mexico will help fund sustainable offshore production of King Kampachi, a sashimi-quality marine fish that will be marketed to restaurants and retailers in Mexico, the United States, Japan, and Europe.
This is the first investment funded by the SOF, which is the new Althelia Funds vehicle investing in scalable, impact-aligned businesses to drive improvement in ocean ecosystems.
“We’re delighted to welcome Althelia on board,” said Jorge Schmidt, chief executive officer of The Kampachi Company. “The Sustainable Ocean Fund promotes the highest standards of environmental and social responsibility, and as part of this process, we underwent a rigorous review of our operating principles and practices. This investment will materially further The Kampachi Company’s ability to produce a consistent supply of healthful, high-quality King Kampachi with no discernable impact on ocean ecosystems.”
“This investment by Althelia validates the scalable, environmentally-sound attributes of offshore kampachi production,” Sims said.
With this investment, The Kampachi Company closed their Series A financing and is moving forward with production of King Kampachi, in offshore grow-out pens currently stocked with around 200,000 fish. The first harvest of 4-6 lb. King Kampachi will be in late March 2019.