TIDEPOOL secures $1.03mln pre-A funding for aquaculture technology

Philip Lee -

Seoul, South Korea - Aquaculture technology startup TIDEPOOL secured KRW1.5 billion (US$1.03 million) in Pre-A funding from FuturePlay and Bon Angels Venture Partners.

FuturePlay led the investment round, with Bon Angels Venture Partners participating as a follow-on investor. 

The funding brings TIDEPOOL's total investment to KRW1.8 billion (US$1.24 million).

The post-money valuation is not disclosed to the public. 

TIDEPOOL operates the premium aquaculture distribution brand 'FishFather' and the AI-powered smart farming solution 'FISHSCOPE.' 

According to its press release, the company's FishFather brand generated KRW5 billion (US$3.44 million) in revenue in 2024, its second year of operation.

The FISHSCOPE solution digitizes fish growth, behavior, and feeding activities in aquaculture operations. 

The company targets South Korea's KRW5-6 trillion (US$3.44-4.13 billion) aquaculture market and aims to expand into East Asia as a comprehensive aquaculture enterprise.

Global aquaculture supplies 53% of total seafood production, representing a KRW400 trillion (US$275.24 billion) market.

* US$1 = KRW1,453.26