Bluefront Capital II has been backed by both familiar and new investors.
Bluefront Equity
Bluefront Equity has announced the final close of its second impact fund, Bluefront Capital II, after securing investments from the European Investment Fund (EIF), Novo Holdings, and the Esmée Fairbairn Foundation.
The Norwegian seafood investment firm, which has secured investments totaling over $100 million, focuses on companies that develop innovative products, services, software, and technology that promote sustainability throughout the seafood value chain.
"Our first fund has performed strongly, which has been the catalyst for numerous repeat investments in our second fund. We are proud of the many new and returning quality investors that have put their trust in us," clarified Simen Landmark, chief investment officer at Bluefront.
For example, EIF is a specialized provider of risk finance aimed at benefiting small and medium-sized enterprises across Europe. Additionally, Novo Holdings aims to improve people's health and the sustainability of society and the planet. Lastly, Esmée Fairbairn Foundation is one of the largest independent funding organizations in the UK.
In January, Bluefront announced an investment in the venture capital firm Builders Vision, founded by Lukas Walton of the Walmart empire, to promote solutions that foster long-term sustainability in the global seafood industry.
A few months earlier, it became the majority shareholder of Cryogenetics, a leading provider of technology and services for aquatic gene preservation for the aquaculture industry.
Furthermore, the investment firm acquired the FiiZK group's subsidiary, FiiZK Digital. The transaction marks its first purchase. FiiZK Digital provides digital solutions for optimizing fish farming production planning, which are widely used within the Norwegian salmon aquaculture industry.
