Altss Research / Venture case 18
eFishery
eFishery's Singapore holding company resolved to enter members' voluntary liquidation in February 2026. The formal resolution provides a dated wind-down event after the aquaculture business's reported $1.4bn private valuation in 2023.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$1.4bn reportedContemporary aquaculture-industry reporting identified a $200m Series D and $1.4bn company valuation in July 2023, citing the company's announcement. Exact share terms and pre-money/post-money basis were not published in the cited report.
Wind-down
No sale priceSingapore holding company resolved to wind up. The Government Gazette notice records the February 23, 2026 shareholder resolution for members' voluntary winding up and appointment of joint liquidators. The notice was first published March 2. It is not classified as a court-ordered insolvency.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Series D valuation reported
Contemporary reporting put the completed financing at $200m and the company value at $1.4bn.
Voluntary winding-up resolution
The Singapore holding company's shareholders passed the resolution and appointed three liquidators.
Liquidators invited creditor claims
A separate Government Gazette notice required claims by April 3, 2026.
Source documents
Publication and access dates identify the evidence used for this case.
WeAreAquaculture · Financial reporting · Published Jul 10, 2023 · Accessed Oct 26, 2026
Singapore Government Gazette, PDF mirrored by SGPBusiness · Primary source · Published Mar 2, 2026 · Accessed Oct 26, 2026
Singapore Government Gazette, PDF mirrored by SGPBusiness · Primary source · Published Mar 2, 2026 · Accessed Oct 26, 2026
Logo: eFishery logo source. Company trademark rights remain.
