Pitch Deck - Hummock Island Shellfish Seed Round

H U M M O C K I S L A N D S H E L L F I S H  

Oyster Industry = $6B

Commercial oyster production is antiquated.

Big oyster companies have bad tech, which is inefficient & unsustainable.  

Smart oyster startups have good tech but can’t get traction because there are no good places left to grow oysters.

We have both good tech and a good place.

Floating Upweller Nursery System

Axial Flow Intake Upwelling Design

Submerged Longline Seapa Cages  

Pristine Waters

So Far: Lean Shellfish

• We harvest and sell our own oysters • Exclusive oyster supplier to Whole Foods since 2010

• $500K annual sales  

Seed Round: $850K

• Right now we’re bringing oyster production in-house • This will drive down the cost of the oysters and allow

us to increase production at the same time • With this amount of capital we will reach breakeven

Team Jeffrey H. Northrop Founder & Chief Executive Officer

Former Hedge Fund Trader @ Exis Capital

Worked @ Bloomberg Tradebook, @ NasdaqOMX

BA Economics @ Columbia University

Captain Jeff Northrop Co-Founder & Chief Operating Officer

Shellfish Aquabiotechnologist & USCG Master Captain

Founder @ Hunter Group, @ Northrop Yacht Sales

Michael McGrath Chief Marketing Officer

Former CEO @ Wolfgang Puck Worldwide, @ Country Gourmet Foods, @ Weight Watchers

Board Member @ Newman’s Own

MBA @ Lehigh University

James Kilmer Director of Logistics

Founder @ The Opal Group

Former SVP @ Weight Watchers, @ H.J. Heinz

MBA @ University of Pittsburgh

Series A: Future Raise $2-3M

• Complete vertical integration • Scale up team to 15 people and 3 boats • Maximize production capacity • $8.1M EBIT • Continue as cash cow or exit to Taylor Shellfish for $30M  

Series B: Shellfish As A Service

• Scale by partnering • Offer new tech to old shellfish farms • Revenue share model reduces scaling costs •  IPO or Shellfish ETF à ex: Global X Funds Fishery ETF

Right Now

• Convertible Note • 25% Discount • $5M Cap