New York State land-based Coho salmon farm raise new fund from seafood investors
The fund will boost husbandry practices and harvesting capacity.
LocalCoho is a technology startup that produces Coho salmon indoors from egg to harvest using recirculating aquaculture systems (RAS) in the Finger Lakes region of New York State. The company raised multimillion-dollar funding from Rodger May, the owner of Peter Pan Seafood, a leading US processor, wholesaler, and marketer of wild-caught salmon, and Per Heggelund, a former owner and operator of a freshwater land-based Coho salmon farm in Washington state and a pioneer of Coho hatchery and breeding company AquaSeed that became the primary egg supplier in the U.S., Chile and Japan.
"This funding from visionaries in seafood will help us refine our expansion plans and sales and marketing strategy," said Michael Fabbro, president of LocalCoho. "These two investors are unmatched in experience and knowledge about how to sustainably farm quality salmon and market it to increasingly discerning and eco-conscious American consumers. Rodger's ability to open doors through Peter Pan will be a major plus as we grow."
LocalCoho, which has recently started supplying premium salmon to American chefs and consumers throughout the Northeast region, is a Best Aquaculture Practices-certified company and a Monterey Bay Aquarium Seafood Watch "Best Choice."