What is Acwa?
ACWA is an organization dedicated to promoting and supporting adherence to a code of conduct within the Western Australian aquaculture industry. By championing these standards, the industry aims to solidify its identity as a regenerative force, actively contributing to the sustainable development of Western Australian regional communities. This commitment to ethical and sustainable practices positions ACWA as a key player in fostering a responsible and thriving aquaculture sector.
How much funding has Acwa raised?
Acwa has raised a total of $62M across 1 funding round:
Debt
$62M
Debt (2024): $62M with participation from European Bank for Reconstruction and Development, DEG, and Proparco
Key Investors in Acwa
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is a multilateral bank committed to the development of market-oriented economies and the promotion of private and entrepreneurial initiatives.
DEG
DEG, headquartered in Germany, is an investment company offering financing, advice, and support to private companies that operate in developing and emerging countries.
Proparco
Proparco is a subsidiary of the French Development Agency (AFD) that focuses on financing and supporting businesses and financial institutions across Africa, Asia, Latin America, Eurasia, and the Middle East. The company aims to enhance the contribution of private actors to achieving the Sustainable Development Goals (SDGs) through its interventions.
What's next for Acwa?
With the recent major strategic investment, Acwa is poised for accelerated development and scaling. The company's focus on promoting industry-wide adherence to a code of conduct suggests a strategic emphasis on sustainability and regenerative practices. This funding will likely enable Acwa to expand its support initiatives, enhance its outreach programs, and potentially invest in new technologies or research that further solidify the aquaculture industry's commitment to environmental stewardship and community development in Western Australia. The enterprise-level backing indicates confidence in Acwa's long-term vision and its capacity to drive significant positive impact.
See full Acwa company page
