Ace Aquatec has raised £10 million in new funding to accelerate its international expansion and the development of data-driven welfare solutions for the aquaculture industry.
The funding round includes £7.5 million in equity investment led by Stolt Ventures, alongside existing investors Scottish Enterprise and Aqua-Spark, and a £2.5 million debt facility. According to the company, the capital will support the creation of 15 new roles across its offices in Dundee, Glasgow, and Chile, focused on artificial intelligence, machine learning, and sensor technologies.
Ace Aquatec develops technology to improve fish welfare and operational efficiency, including underwater biomass cameras, AI-powered health monitoring, and in-water electric stunning systems. The company is currently preparing a new sea lice removal system for market, building on its existing portfolio of precision aquaculture tools.
The investment will support ongoing development of AI models and hardware integrations designed to give fish farmers real-time insights into fish behaviour, growth, and condition. According to the company, these technologies aim to reduce mortality, improve handling, and optimise harvesting.
Aquamarine – Impact Capital Partners acted as lead financial advisor on the transaction.
As part of the deal, Axel de Mégille, Head of Stolt Ventures, joins Ace Aquatec’s board as a non-executive director. De Mégille holds board roles at several digital and logistics-focused companies, and Stolt Ventures itself is the corporate venture arm of Stolt-Nielsen, with interests in land-based aquaculture and global supply chain decarbonisation.
CEO Nathan Pyne-Carter said the investment would enable the company to expand internationally while strengthening its data capabilities and product offering. He described Stolt Ventures as “a strategic fit” given its connections to Stolt Sea Farm and its focus on innovation in aquaculture.
The company, founded in Scotland, has won industry recognition for its humane slaughter systems and fish welfare technologies. It plans to expand further in Latin America as part of its growth strategy.
Scottish Enterprise said the investment aligned with its goals of supporting high-value job creation and helping Scottish companies scale in global markets.