Megaplan, a fisheries technology startup, announced on the 6th that it had secured pre-Series A investment from Bluepoint Partners. The specific investment size and corporate value were not disclosed.
Megaplan is a company developing and operating a land-based aquaculture system based on patented technology that enables year-round spawning of mackerel. The company recently began operating a land-based mackerel farm in Pyoseon-ri, Seogwipo-si, Jeju-do, and in January of this year, it completed the shipment and sale of the first generation of artificially spawned mackerel.
As environmental changes, such as persistent high temperatures, microplastics, and marine pollution, make it increasingly difficult to secure a stable supply of fishery resources, the megaplan is gaining attention as a technology that can contribute to supply stability and food security through land-based aquaculture. Global mackerel stocks have declined by 74% over the past 40 years, and some reports suggest they could be classified as endangered by 2050.
Bluepoint highly evaluated Megaplan for demonstrating the feasibility of stable spawning and breeding of mackerel based on land-based aquarium aquaculture technology, and for possessing operational capabilities capable of digitalizing the entire cycle from spawning to distribution.
Ham Seol-beom, chief judge at Bluepoint, said, “Megaplan is a team with the technological potential to solve the mackerel supply and demand problem and environmental issues in the fisheries industry,” and “We expect that they will create a new turning point in the fisheries industry through the commercialization of aquaculture technology.”
“This investment brings us one step closer to realizing our vision of a ‘$1 mackerel,’” said Yoo Cheol-won, CEO of Megaplan. “Through a sustainable seafood supply model, we will strive to contribute to not only domestic food security but also to solving global food problems.”
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