Novax and LRF Ventures, the largest current external investors, have also contributed to the investment round.
Hatch Blue
Swedish land-based fish farming Gårdsfisk has closed a 50M SEK (approximately 4.28 million euros) Series A funding round led by Hatch Blue's Blue Revolution Fund and Industrifonden.
Thanks to this contribution, the company will be able to expand its production capacity, enhance brand recognition, and launch new consumer-focused products.
"Gårdsfisk is a truly mission-driven organization and their commitment to creating a positive environmental impact aligns perfectly with our mission to change the aquaculture food system.” expressed Georg Baunach, Managing Partner at Hatch Blue.
Moreover, Karolina Bjurehed, Investment Manager at Industrifonden said: "Gårdsfisk is tackling one of the most pressing challenges in food production today: how to meet protein demand without depleting natural resources. Their innovative approach to land-based aquaculture makes them a strong fit for our investment portfolio."
Novax and LRF Ventures, the largest current external investors, have also contributed to the investment round.
Founded in 2013 by Johan Ljungquist and Mikael Olenmark, Gårdsfisk has developed a vertically integrated recirculating aquaculture system (RAS) that enables land-based fish farming with minimal environmental impact.
The company's range of products, including smoked catfish, fish meatballs, and trout, is already gaining traction in Sweden as a sustainable alternative to imported seafood.
"This investment comes at a critical time when the demand for sustainable seafood is growing rapidly. With the support of Hatch Blue and Industrifonden, we can scale our operations, develop new products, and bring locally farmed fish to even more consumers. This is a significant step toward reshaping the seafood industry," Gårdsfisk's CEO Johan Ljungquist assured.