Gårdsfisk Raises €4.57M in Series A Funding to Scale Sustainable Aquaculture
SWEDEN – 11 March, 2025
Gårdsfisk, a Swedish pioneer in sustainable land-based fish farming, has successfully
closed a 50M SEK Series A funding round. The investment was co-led by Hatch Blue’s
Blue Revolution Fund and Industrifonden. This funding marks a significant milestone in
the global shift towards more environmentally friendly and resource-efficient food
production.
The global food industry is under pressure to find sustainable solutions that reduce
reliance on ocean fisheries and lower carbon foot prints. Traditional aquaculture and wild
fishing industries have long faced challenges such as overfishing, habitat destruction, and
excessive antibiotic use.
A Groundbreaking Solution for Fish Farming
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. By working with partner farmers, Gårdsfisk
ensures that its high-quality fish, including catfish and trout, are farmed locally and
sustainably, providing Swedish consumers with a responsible protein alternative.
“This investment comes at a critical time when the demand for sustainable seafood is
growing rapidly,” said Johan Ljungquist, CEO of Gårdsfisk. “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.”
Growth and Product Development in Focus
The new 50M SEK funding will enable Gårdsfisk to accelerate growth by expanding production
capacity, increasing brand awareness, and launching new consumer-focused products.
The company aims to double its revenue by 2026 while maintaining its commitment to
sustainability.
“Gårdsfisk has impressed us with the high quality of their farming system and their
product. It 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.” said Georg Baunach, Managing Partner at Hatch Blue. “I’m very
excited to work with Johan, Mikael and the team to support the next phase of commercial
growth.”
“Gårdsfisk is tackling one of themost pressing challenges in food production today: how
to meet protein demand withoutdepleting natural resources,” said Karolina Bjurehed,
Investment Manager atIndustrifonden. “Their innovative approach to land-based
aquaculture makes them a strong fit for our investment portfolio.”
A Sustainable Future for Fish Farming
As global demand for sustainable protein increases, Gårdsfisk is well-positioned to lead
the transition toward responsible seafood production. Overfishing and unsustainable
farming methods have put immense strain on marine ecosystems, making solutions like
Gårdsfisk’s closed-loop, land-based systems more critical than ever. 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.
Novax and LRF Ventures, the largest current external investors, are also supporting this
round. We are excited to welcome Industrifonden and Hatch on board and look forward to
collaborating and following the company’s future journey together. Looking ahead,
Gårdsfisk plans to strengthen its presence in Sweden and explore opportunities for
international expansion. The company will continue to innovate with new product
offerings, ensuring that sustainable fish farming remains both environmentally viable and
commercially scalable.
For media inquiries, please contact:
Andreas Granath, CMO, Gårdsfisk
andreas@gardsfisk.se
+46 70-140 94 58
Sarah Karner, BRF Marketing Manager, Hatch Blue
sarah@hatch.blue
About Industrifonden
Industrifonden is Sweden’s Venture Capital Fund looking for unique, scalable innovation
that has a meaningful impact on our society. Industrifonden manages more than SEK 5
billion and invests in early-stage companies, from seed to A-round funding with a reach
across the Nordics. The investment focus includes specialized technologies and
businesses within Deep Tech, Life Science and Transformative Tech. Industrifonden has
an evergreen structure which allows a long-term focus on value creation.
About Hatch Blue
Hatch Blue, established in 2017, manages theBlue Revolution Fund and specialises in providing specific support forearly-stage ventures along the whole value chain of sustainable aquaculture& ocean conservation. Hatch Blue is active in four business areas includingfund management, consulting, entrepreneurship programs and media marketing andoperates three funds totalling assets under management of over USD 120 million.
Since 2017, Hatch has grown to employ over 35employees, working out of 13 countries, who all align to support its vision: a climate-smart, trulysustainable and just (sea)food transition.
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