Aqua Development Ltd.
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Aqua Development Ltd. - overview
Established
2019
Location
Seoul, -, South Korea
Primary Industry
Agribusiness
About
Aqua Development Ltd. , based in South Korea, provides innovative aquaculture solutions that significantly enhance the sustainability and productivity of shrimp farming through advanced technology and eco-friendly practices. Founded in 2019, Aqua Development Ltd. is located in Seoul, South Korea, and specializes in sustainable aquaculture solutions for shrimp farming.
The company has engaged in one deal as of September 22, 2025, indicating a focused operational strategy since its inception. Aqua Development Ltd specializes in innovative aquaculture solutions aimed at enhancing sustainable shrimp farming through its comprehensive product offerings. The company has developed a unique system that combines advanced technology with eco-friendly practices, allowing shrimp farming operations to achieve up to ten times the productivity of traditional methods. Key components of their offerings include the AD Sys, a modular all-in-one hardware solution designed for high scalability and operational excellence, and the AD Mix RANGE, a specialized blend formulated to optimize water conditions and improve shrimp health.
The company's services are tailored to meet the specific requirements of shrimp farms worldwide, enabling clients to achieve superior efficiency and sustainability. Aqua Development's client base spans nine countries, where it serves local shrimp producers seeking to leverage cutting-edge technology for environmentally responsible aquaculture. Aqua Development Ltd generates revenue through a combination of direct sales and partnerships with shrimp farming operations, facilitating B2B transactions with their clients. The company's revenue model is structured around the sale of its flagship products, including the AD Sys and AD Mix RANGE, which are offered to clients through customized pricing plans based on farm size and specific needs.
In addition to product sales, Aqua Development fosters long-term relationships with its clients, potentially involving subscription-based services for ongoing support and technology upgrades. These transactions not only enhance revenue stability but also ensure that clients receive continuous assistance in optimizing their shrimp farming operations for better sustainability and productivity. Aqua Development Ltd plans to leverage its recent funding round in September 2025, led by new investor Rasmal Ventures, to support its expansion into the Gulf Cooperation Council (GCC) and North Africa regions. The company is developing new products aimed at further enhancing shrimp farming efficiency and sustainability, with specific launch timelines to be announced.
This strategic expansion is designed to bolster its market presence and meet the growing demand for sustainable aquaculture solutions in these regions.
Current Investors
Rasmal Ventures
Primary Industry
Agribusiness
Sub Industries
Fishing & Seafood, Crop Production
Website
www.aqua-development.com
Verticals
Agtech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Aqua Development Ltd. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 13,202,000 | 55,792,000 | - | - | - |
| % Revenue Growth (YoY) | - | 322.6% | - | - | - |
| EBITDA (USD) | - | - | - | - | - |
| Operating Income (USD) | (154,337,000) | (294,680,000) | - | - | - |
| Operating Margin | (1169.0%) | (528.2%) | - | - | - |
| % EBITDA Margin | - | - | - | - | - |
| NET Income (USD) | (163,903,000) | (292,622,000) | - | - | - |
| % Net Margin | (1241.5%) | (524.5%) | - | - | - |

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