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Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
hatch.blue

Investments

44

Portfolio Exits

2

Funds

2

About Hatch

Hatch is an accelerator program focused on the aquaculture industry, seeking to find, develop, and scale talented aquaculture startups. It looks for teams with scalable solutions that solve significant problems in the aquaculture industry in order to enable its long-term viability. It provides its portfolio companies with a route to revenue and capital, delivered through its industry contacts and access to a global investment community with a specific interest in aquaculture. Hatch was founded in 2017 and is based in Cork, Ireland.

Headquarters Location

7/8 Liberty Street

Cork, T12 T85H,

Ireland

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Latest Hatch News

BHP and Hatch pilot green smelting furnace utilizing hydrogen and Pilbara iron ore

Mar 23, 2023

BHP and Hatch pilot green smelting furnace utilizing hydrogen and Pilbara iron ore By Anela Dokso March 23, 2023 An agreement to jointly develop an electric smelting furnace pilot plant, a first-of-its-kind steel production method that, if successful, would pave the path for low CO2 steelmaking, has been inked by BHP and the international engineering firm Hatch. BHP’s Pilbara iron ore will be used in the experimental program. With a longer-term objective of expediting the scale-up of electric smelting furnace (ESF) technology, the small-scale demonstration plant would be used to work with steel producers and technology providers to evaluate the process. About two tonnes of CO2 are produced for every one tonne of steel, a process that requires high temperatures to remove oxygen from iron ore in order to produce pure iron. According to estimates, the industry contributes 7% of world emissions. Australia is a major producer of steel, turning out about 3.5 million tonnes yearly. More significantly, though, Australia exports up to 900 million tonnes of iron ore annually to be smelted into steel somewhere else. Decarbonizing steelmaking, however, has been challenging. When used in conjunction with a step from the more conventional direct reduced iron (DRI) technique of converting iron ore into iron, ESFs are furnaces that can make steel from iron ore using electricity and hydrogen. Theoretically, this new furnace type may conceivably achieve CO2 emissions reductions of more than 80%, according to BHP and Hatch. ESFs also get around a significant issue with Pilbara ores: unlike other low-emission technologies like electric arc furnaces, which need ores with low levels of impurities, they can accept ores with a wider range of impurities and raw materials. Following the pilot, the two businesses will evaluate several sites around Australia for the planned facility based on the available infrastructure, talent, and local collaboration opportunities. Share This Article

Hatch Investments

44 Investments

Hatch has made 44 investments. Their latest investment was in New School Foods as part of their Seed VC on February 2, 2023.

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Hatch Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/2/2023

Seed VC

New School Foods

$12M

Yes

12

12/19/2022

Series A

Aquaconnect

$6.59M

No

5

9/20/2022

Seed VC

Flyscan Technologies

$3.5M

Yes

5

6/23/2022

Series A

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$99M

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10

4/6/2022

Series A

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$99M

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10

Date

2/2/2023

12/19/2022

9/20/2022

6/23/2022

4/6/2022

Round

Seed VC

Series A

Seed VC

Series A

Series A

Company

New School Foods

Aquaconnect

Flyscan Technologies

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Amount

$12M

$6.59M

$3.5M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

12

5

5

10

10

Hatch Portfolio Exits

2 Portfolio Exits

Hatch has 2 portfolio exits. Their latest portfolio exit was CFEED on December 22, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/22/2022

Corporate Majority

$99M

2

2/10/2021

Acquired

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$99M

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10

Date

12/22/2022

2/10/2021

Exit

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

Hatch Fund History

2 Fund Histories

Hatch has 2 funds, including The Blue Revolution Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/21/2022

The Blue Revolution Fund

1

2/12/2020

Aquaculture Fund

$99M

10

Closing Date

9/21/2022

2/12/2020

Fund

The Blue Revolution Fund

Aquaculture Fund

Fund Type

Status

Amount

$99M

Sources

1

10

Hatch Team

5 Team Members

Hatch has 5 team members, including current Founder, Managing Partner, Georg Baunach.

Name

Work History

Title

Status

Georg Baunach

Founder, Managing Partner

Current

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Name

Georg Baunach

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Work History

Title

Founder, Managing Partner

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Status

Current

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