© Planktonic
The investment round is led by Ichthus Venture Capital (IVC) and Hatch’s Blue Revolution Fund, with participation from several existing shareholders, including Investinor and Bondø Invest.
Planktonic* has developed CryoPlankton, a cryopreserved feed designed for use in hatcheries. According to the company, the product aims to support biosecurity and operational stability, and trials have suggested potential benefits for the survival, growth and development of marine fish and crustacean larvae.
“Planktonic has established a strong market position across several marine fish species in Norway and Europe and is well positioned to support sustainable growth for both established species and the emergence of new marine aquaculture species globally. The company’s products are already in use at more than 40 hatcheries across Europe, Asia and the Middle East,” said Rune Husby, CEO of Planktonic, in a press release.
“We have followed Planktonic for several years and are impressed by the team and the solution they offer to the global aquaculture market from their base in Trøndelag,” added Mats Malvig, managing director at IVC.
With a proven biological effect and strong customer loyalty, Planktonic is well positioned for international growth – particularly within species such as sea bass and sea bream, which represent some of the largest marine aquaculture species globally. The company has already initiated commercial deliveries in these markets and is experiencing growing demand from both Europe and the Middle East, according to commercial director Antonio Coli.
“Planktonic managed to develop a novel, unique feed for hatcheries of marine species. We like the clear value proposition of their offering with strong growth potential across various species and look forward to working with the team to scale the company,” said Georg Baunach, managing partner at Hatch Blue’s Blue Revolution Fund.
The proceeds from the capital raise will be used to strengthen production and raw material supply for CryoPlankton, upgrade facilities in Trondheim and support growth in both existing and new markets. Key focus areas include cod, ballan wrasse, sea bass, sea bream and seriola.
*Planktonic is one of Hatch Blue’s portfolio companies, but The Fish Site retains editorial independence.
