Innovation

Cork-based Hatch closes €75m fund with ISIF participation

Hatch’s Blue Revolution Fund invests in early-stage aquatech companies

Among the start-ups that Hatch has supported are Jennifer O’Brien’s Sea and Believe, which is developing a range of plant-based seafood.

Hatch, a Cork-headquartered investment firm which is behind the world’s first dedicated aquaculture accelerator programme, has closed a €75 million deal with the Ireland Strategic Investment Fund (ISIF) among the investors.

ISIF has committed €15 million to Hatch’s Blue Revolution Fund, which invests in early-stage aquatech companies.

Hatch first announced plans to raise the funding in September 2021.

The technology investment firm has previously partnered with the seafood development agency, Bord Iascaigh Mhara (BIM), to run ...