Santa Priscila Revenue, Valuation, Funding & Investors

Santa Priscila is valued at $1.8B as of August 2023, a 1.3x revenue multiple. Santa Priscila revenue was $1.4B, as disclosed with its latest round.

Last Santa Priscila valuation

$1.8B

Strategic investment · Aug 2023

Last Santa Priscila funding round

$360M

Strategic investment · Aug 2023

Santa Priscila revenue

$1.4B

Strategic investment · Aug 2023

Key investors in Santa Priscila

Santa Priscila Overview

About Santa Priscila

Santa Priscila, formally Industrial Pesquera Santa Priscila, is an Ecuadorian shrimp farming and processing company headquartered in Guayaquil. It was established in 1976 and is described as the world's largest shrimp farming company, with about 18,000 hectares of ponds, full in-house traceability and roughly 16,000 employees. It sells frozen and processed shrimp to China, the United States, Europe and Ecuador and accounted for around 6 percent of global shrimp trade volume in 2022. Net sales were USD 1.4 billion in fiscal 2022. Mitsui & Co. acquired a 20 percent equity interest in 2023 through a holding company owned by the founders, making it an equity-method affiliate. Public sources record no acquisitions of businesses or investments in companies by Santa Priscila itself.


Founded

1976

HQ

EcuadorGuayaquil

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$1.4B (Aug 2023)

Valuation

$1.8B (Aug 2023)

Santa Priscila Valuation

Santa Priscila is currently valued at $1.8B, based on its strategic investment round in August 2023. Read the announcement ↗

The $360M round was led by Mitsui & Co.

Santa Priscila valuation by funding round

Santa Priscila valuation by funding round
DateStageValuationRevenue Multiple
Aug 2023Strategic investment$1.8B1.3x

Santa Priscila Revenue

Santa Priscila's latest recorded revenue is $1.4B, as of its strategic investment round in August 2023. At a $1.8B valuation, that implies a 1.3x revenue multiple.

Santa Priscila revenue by funding round

Santa Priscila revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2023$1.4B$1.8B1.3xStrategic investment

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Santa Priscila Funding History

Santa Priscila has raised a total of $360M across 1 funding round.

Santa Priscila funding rounds

Santa Priscila funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2023Strategic investmentMitsui & Co (lead)$360M$1.8BIndustrial Pesquera Santa Priscila (IPSP) is Ecuador-based and the world's largest shrimp farming company, established in 1976 and headquartered in Guayaquil. The company operates approximately 18,000 hectares of farming ponds with 100% in-house traceability, producing frozen and processed shrimp products sold globally to China, the United States, Europe, and Ecuador, with around 16,000 employees. IPSP accounted for approximately 6% of global shrimp trade volume as of 2022. In the fiscal year ended December 2022, IPSP recorded net sales of USD 1.4 billion (approximately JPY 196 billion), with an average annual growth rate of 28% over the preceding three years. The company was projecting sales of USD 2 billion (approximately JPY 280 billion) by 2025. On August 7, 2023, Mitsui & Co. announced an investment in IPSP through a Singapore-based holding company owned by IPSP's founders, with an acquisition price of USD 360 million (approximately JPY 50 billion). Following the acquisition, IPSP became an equity-method affiliate of Mitsui, indicating a shareholding between 20% and 50%, with execution planned within the fiscal year ending March 2024. This investment reflected Mitsui's strategic focus on protein production and goal to become a leading global player in the shrimp industry by expanding upstream into breeding, feed, and farming activities.

Who has invested in Santa Priscila?

1 investor has backed Santa Priscila across its funding rounds, including Mitsui & Co.

Lead investors include Mitsui & Co.


Santa Priscila Investors

Investors in Santa Priscila by funding rounds participated
InvestorHQRoundsRoleFirst check

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Santa Priscila Competitors

Santa Priscila competitors include listed companies like Premier Group, Biomar Group, UIE and Austevoll Seafood, and private ones like Distynct and China ZhongDi Dairy.

Public and private companies comparable to Santa Priscila
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DistynctUnited StatesAmes, IAPrivate--$1.8B-
Premier GroupSouth AfricaSouth AfricaPublicly listed$1.3B$168M$1.8B1.2x
Biomar GroupDenmarkDenmarkPublicly listed$2.5B$213M$1.8B0.8x
UIEMalaysiaMalaysiaPublicly listed$587M$328M$1.8B-
Austevoll SeafoodNorwayNorwayPublicly listed$4.2B$408M$1.8B1.0x
China ZhongDi DairyChinaBeijingPrivate$1.3B$295M$1.9B1.5x

Santa Priscila Public Comps

Santa Priscila is still privately-owned, but its public comps include Premier Group, Biomar Group, UIE, Austevoll Seafood, Batu Kawan, Andersons, Sumitomo Chemical India, Sildarvinnslan, COSUMAR and Tata Chemicals.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Premier Group$1.3B$168M1.5x1.2x11.7x8.6x
Biomar Group$2.5B$213M0.9x0.8x10.3x8.5x
UIE$587M$328M3.4x-6.0x-
Austevoll Seafood$4.2B$408M1.0x1.0x10.0x7.0x
Batu Kawan$6.3B$735M1.0x-8.6x-
Andersons$11B$315M0.3x0.3x9.3x6.6x
Sumitomo Chemical India$341M$76M4.7x4.6x21.1x22.9x
Sildarvinnslan$376M$113M4.9x-16.3x-

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Common questions about Santa Priscila

When was Santa Priscila founded?Santa Priscila was founded in 1976.
Where is Santa Priscila headquartered?Santa Priscila is headquartered in Guayaquil, Ecuador.
Is Santa Priscila publicly listed?No, Santa Priscila is a private, VC-backed company.
What is Santa Priscila's valuation?Santa Priscila was last valued at $1.8B in its strategic investment round in August 2023.
How much funding has Santa Priscila raised?Santa Priscila has raised $360M across 1 funding round.
What was Santa Priscila's last funding round?Santa Priscila's last funding round was a $360M strategic investment round in August 2023, led by Mitsui & Co.
Who are Santa Priscila's investors?Santa Priscila's investors include Mitsui & Co.
What is Santa Priscila's revenue?Santa Priscila's latest recorded revenue is $1.4B (August 2023).
What is Santa Priscila's revenue multiple?Santa Priscila's latest valuation implies a 1.3x revenue multiple ($1.8B valuation on $1.4B of revenue).
Which companies are comparable to Santa Priscila?Companies comparable to Santa Priscila include Distynct, Premier Group, Biomar Group, UIE, Austevoll Seafood and China ZhongDi Dairy.

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