Nordic Seafarm funding news – Sweden-based Nordic SeaFarm Raises €2.1Million in Funding

Simon Hilmersson, CEO of Nordic SeaFarm said, “We are thrilled to welcome InnoEnergy and Inter IKEA Group as key investors in Nordic SeaFarm. Their support not only validates our mission to make seaweed truly available to the masses, but also provides us with the resources and expertise needed to accelerate our growth and innovation, especially within future materials,"

In order to address the growing need for regenerative solutions worldwide, the funds will mainly be utilized to expand ocean cultivation in Europe and to strengthen R&D skills. Seaweed's many uses and low carbon footprint allow for the provision of sustainable solutions in a number of industries, such as food ingredients, ocean restoration, and the replacement of synthetic polymers in plastic and textile manufacturing with next-generation materials.

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The fact that InnoEnergy is participating in this fundraising round highlights how strategically significant it is to link sustainable plant production and renewable energy.

Jonas Nordlund, Investment Manager at InnoEnergy commented: “We are excited to invest in Nordic SeaFarm, whose seaweed cultivation addresses multiple environmental challenges. It not only taps into novel sources of proteins and biomaterials but also serves as a renewable alternative to fossil fuels and as an effective carbon sink. With favorable conditions for seaweed cultivation across Europe and an experienced and talented team in place, we see significant potential for growth and impact. Besides, Nordic SeaFarm’s ambition to collaborate with offshore wind players to use sea infrastructure for seaweed farms aligns well with our ecosystem. We look forward to supporting them in realizing their vision.”

This investment, in the opinion of Inter IKEA Group, is a significant step toward realizing the potential of marine materials as a feedstock. "They are open and curious to explore new opportunities to accelerate innovation and transformation on topics that are strategic to their business," said Robert Carleke, Manager of Innovation Ventures at Inter IKEA Group.

The goal of their investments is to assist businesses who are pioneering the use of recycled and renewable materials in the next generation of products, and Nordic Seafarm's commitment to pushing the boundaries of R&D and their strong emphasis on sustainability and scaling exemplify that ambition.

About EIT InnoEnergy

Leading European innovation hub InnoEnergy is committed to quickening the shift to a sustainable energy future. Since its founding in 2010, InnoEnergy has brought together entrepreneurs, business, and academics to promote the creation of solutions that are ready for the market and address the most important energy-related issues facing the globe.

About Nordic SeaFarm

Growing valuable seaweed on a vast scale in the ocean, Nordic SeaFarm is leading the charge to democratize seaweed. Their DNA is research and development, which is why they have successfully completed several EU research projects over the years and keep coming up with new, creative methods for large-scale seaweed farming in the ocean. Theur purpose is to bring about transformation and build a sustainable and thriving world.