Fenwick represented Aquabyte, the aquaculture startup employing computer vision and machine learning software to dramatically improve fish farming efficiency, in its $25 million Series B financing. The round was led by SoftBank Ventures Asia with participation from The Nature Conservancy, Westerly Winds, New Enterprise Associates, Costanoa Ventures, ArcTern Ventures, Alliance Venture and Struck Capital.
Aquabyte will use the new capital to scale its business, monitoring more species in more countries, to help fish farms sustainably and efficiently feed the world. More information can be obtained from the company’s announcement.
The Fenwick transaction team was led by corporate partner Dan Dorosin and associates David Heckman, Stephanie Maynes-Aldous and Chelsea Fisher.