Planktonic AS, a leading supplier of live feed to marine hatcheries in Europe, has raised $2,900,000 in investment capital. The Norwegian company, which has been selling its CryoPlankton product since 2016, specializes in providing sustainable feed solutions based on natural marine plankton. Its core mission is to simplify production processes in hatcheries, enhance biosecurity, reduce operational risks, and ultimately improve the quality of fry and increase the Feed Conversion Ratio (FCR) in growth cages.
This funding round marks a significant milestone for Planktonic AS, validating its approach to challenging conventional practices in aquaculture live feed. By focusing on simplicity as the ultimate sophistication, the company aims to deliver what it describes as the world's best and easiest live feed. The capital infusion underscores investor confidence in Planktonic鈥檚 business model and its potential to further impact the efficiency and sustainability of marine aquaculture globally.
Planktonic AS plans to strategically deploy the newly secured capital to accelerate its growth initiatives. While specific allocation details were not disclosed, the funds are expected to support expansion of its operational capabilities, potentially including increased production capacity for CryoPlankton and broadening its market reach within Europe and beyond. Investment will also likely fuel continued development of its sustainable feed solutions, reinforcing its commitment to innovation.
The company anticipates that this investment will significantly bolster its capacity to serve a growing market demand for high-quality, sustainable live feed solutions. Planktonic AS is poised to strengthen its position as a progressive leader in the marine aquaculture sector, furthering its mission to simplify hatchery operations and contribute to more robust and sustainable seafood production globally.
