Investment Note

We are proud to announce our investment in Pacific Biotechnologies Australia Pty Ltd (PBA), a private Australian company providing market-leading aquaculture and bioremediation technology with a unique, sustainable value proposition. 

Dragonfly Enviro Capital invested $2Mil AUD into the company in a fully subscribed bridging round alongside other prominent impact investors including Tiverton Agricultural Impact Fund.

PBA leverages a highly skilled, highly experienced, agile, and entrepreneurial management team and board, as well as a circular economy business model that offers clear and scalable potential for impact in carbon reduction and wastewater treatment.

We have invested in PBA for growth and are incredibly proud to have this company as part of our evolving portfolio.

What Makes Pacific Bio a Great Investment

PBA addresses global issues impacting water purity and food security, offering solutions with strong commercial outcomes and positive environmental impact.

Its core activities operate in a closed-loop system, delivering bioremediation services to municipal wastewater treatment plants, aquaculture facilities, and other industries requiring a significant reduction in organic discharge before being released into the ecosystem. They then return the nutrients to the farming production system via plant nutrition products.

PBA is also the head co. of the following wholly-owned subsidiaries: 

  • Regen Aqua – A proven macroalgal bioremediation solution for wastewater management, offered as a cost-effective, nature-based alternative to traditional wastewater treatment systems.

  • Eco Aquaculture Australia (EcoAA) – Owns and operates the second largest Australian sustainable Black Tiger Prawn farm in Australia, Pacific Reef Fisheries, as well as a hatchery and potential second farm at Guthalungra. The farm is ASC certified, the highest global standard for sustainable and responsible aquaculture supported by the WWF.

  • PlantJuice – A first-to-market, all-Australian, sustainably grown green algae biostimulant, created by converting macroalgae into a high-performance biostimulant.

  • ReefAsta – A complementary wellness brand based on sustainably produced astaxanthin, a powerful natural antioxidant. In the future, the company plans to extract Ulvan from some of RegenAqua’s marine algae to produce an additional wellness product associated with obesity management. 

Combined, each of the business units services each other in a complementary fashion, reducing input costs and generating additional sustainability benefits.

The above subsidiaries enable PBA to deliver the following services: 

  • Bioremediation: removing nitrogen and phosphorus from wastewater in municipal treatment plants, aquaculture farms, and a range of industrial settings.

  • Plant Nutrition: supporting farmers to grow better crops with sustainably grown and harvested green algae biostimulants.

  • Aquaculture: providing sustainably farmed premium black tiger prawns in Australia and plans for growth in responsibly farmed seafood without causing damage to the Great Barrier Reef..

  • Animal Nutrition: supplying sustainable Ulva-based animal feed is GM-free and can enrich the diets of poultry, cattle, prawns, and fish with valuable nutrients.

  • Nutraceuticals: a powerful antioxidant grown using freshwater microalgae that are extracted and encapsulated as astaxanthin - a nutraceutical with compelling health benefits for people.

Positively Impacting the World

 PBA is passionate about generating positive impact across a range of verticals, meeting 9 Impact (UN Sustainable Development Goals), including:

  • Goal 2 – Zero hunger

  • Goal 3 – Good health and well-being

  • Goal 6 – Clean water and sanitation

  • Goal 8 – Decent work and economic growth 

  • Goal 9 – Industry innovation and infrastructure 

  • Goal 11 – Sustainable cities and communities

  • Goal 12 – Responsible consumption and production 

  • Goal 13 – Climate action

  • and Goal 14 – Life below water. 

Steering the ship is highly experienced and capable CEO and Managing Director, Sam Bastounas, who is deeply passionate about seeing this company through to the creation of high-impact and commercial returns for shareholders. Sam is supported by an exceptional board who are well known in the impact investing realm and are all accomplished entrepreneurs and impact investors themselves.

The board consists of: Graeme Wood – Chairperson, Digital entrepreneur and founder of Wotif.com, Danny Almagor – NED - Impact investor and founder of Impact Investment Group and Nigel Sharp – NED – Managing Director, Tiverton Agricultural Impact Fund and Chairperson of Dragonfly Enviro Capital. Its activities are guided by 4 core values; courage, accountability, respect and integrity.

Contact Us

Dragonfly Enviro Capital invests across a wide range of ventures and impact areas to accomplish meaningful returns. These include growth support for early-stage and mature businesses and impactful real estate to promote positive outcomes.

If you are seeking investment, looking to invest, or are curious about our services, talk to us.

 

Disclaimer 

Dragonfly Envirocapital Pty Ltd (CAR) is a corporate authorised representative of Boutique Capital Pty Ltd (BCPL) AFSL 508011, CAR Number 001297825. 

To the extent to which this document contains advice, it is general advice only and has been prepared by the CAR for individuals identified as wholesale investors for the purposes of providing a financial product or financial service, under Section 761G or Section 761GA of the Corporations Act 2001 (Cth).

The information herein is presented in summary form and is therefore subject to qualification and further explanation. The information in this document is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking into account personal investment objectives, financial circumstances, or particular needs. Recipients of this document are advised to consult their own professional advisers about legal, tax, financial, or other matters relevant to the suitability of this information.

The investment summarised in this document is subject to known and unknown risks, some of which are beyond the control of CAR and their directors, employees, advisers or agents. CAR does not guarantee any particular rate of return or the performance of the investment, nor does CAR and its directors personally guarantee the repayment of capital or any particular tax treatment. Past performance is not indicative of future performance. 

There are risks involved in investing in the CAR’s strategy. All investments carry some level of risk, and there is typically a direct relationship between risk and return. We describe what steps we take to mitigate risk (where possible) in the Fund’s Information Memorandum. It is important to note that despite taking such steps, the CAR cannot mitigate risk completely.

This document was prepared as a private communication to clients and is not intended for public circulation or publication or for the use of any third party, without the approval of CAR. Whilst this report is based on information from sources which CAR considers reliable, its accuracy and completeness cannot be guaranteed. Data is not necessarily audited or independently verified. Any opinions reflect CAR’s judgement at this date and are subject to change. CAR has no obligation to provide revised assessments in the event of changed circumstances. To the extent permitted by law, BCPL, CAR and their directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this report, or for any negligent misstatements, errors or omissions.