SyAqua Group Pte Ltd

SyAqua Group Pte Ltd is a company focused on enhancing aquaculture productivity through the development and supply of genetically advanced shrimp broodstock and nutritional solutions for sustainable farming practices. SyAqua Group Pte Ltd, founded in 1992, operates in Singapore and specializes in supplying shrimp broodstock to aquaculture farms and hatcheries. The company has undergone strategic shifts to optimize its offerings and currently operates with a focus on expanding its market presence. Under the leadership of CEO Fred Kao, SyAqua completed a Secondary Buyout on June 10, 2022, where Ocean 14 Capital acquired a majority stake for USD 12 mn, marking a significant investment in its growth.

The total amount raised by the company stands at USD 12 mn. SyAqua specializes in the development and supply of advanced shrimp broodstock, focusing on enhancing aquaculture productivity with genetically superior stock. Its offerings include Balanced Line genetics, emphasizing disease resistance and high growth rates tailored for various farming environments. The company also provides nutritional solutions and hatchery feed, crucial for the health and growth of shrimp, with its products being utilized in markets across Southeast Asia, including Indonesia, Malaysia, and Thailand.

For the year 2023, SyAqua reported zero revenue and an EBITDA of USD -4,116. SyAqua Group Pte Ltd plans to leverage the support from its recent acquisition by Ocean 14 Capital to accelerate growth and expand its global footprint. The company is currently developing new product lines aimed at improving shrimp farming efficiency and sustainability. Additionally, it aims to enter new markets beyond Southeast Asia, enhancing its presence in regions such as Latin America and Africa by 2025.

The funding from the Secondary Buyout will be utilized to support these initiatives, enhancing product development and market expansion efforts.