InnovaSea Systems Inc. has raised $15 million for farming fish in the open ocean

Boston-based InnovaSea Systems Inc. has raised $15 million to develop an all-in-one system for farming fish in the open ocean, an approach that the company and its partners say is vital to a sustainable future for the seafood industry. InnovaSea was formed in 2015 from the merger of Maine’s Ocean Farm Technologies Inc. and another company out of Seattle, Washington. Both companies made large underwater pens to contain fish while they grow big enough to harvest for food. The new funding comes from Cuna Del Mar, an investment firm focused on open-ocean aquaculture. Cuna Del Mar formed InnovaSea after buying a stake in each of its predecessor companies. continue reading the article here 13:28 (you may need to register, easy enough)