Land-based start-up opens $1.8 million funding round

by
Editorial Staff

Swedish land-based startup Big Akwa has launched a SEK 20 million ($1.8 million) investment round to progress its ambitious land-based rainbow trout project in Ånge with an annual capacity of 6,000 tonnes.

The capital will fund environmental permits, legal work for a land purchase, and design development.

In June 2024, Big Akwa became a public company, a move aimed at attracting new investors and strengthening its financial position.

CEO Elena Petukhovskaya described this transition as a natural progression for the company’s growth. “This step allows us to increase visibility and create new opportunities for collaboration,” Petukhovskaya said.

The board’s chairman, Mats Lundqvist, emphasized that becoming a public company also reflects increasing investor interest in sustainable solutions, further broadening the company’s appeal.

Big Akwa’s project aims to develop a resource-efficient and sustainable aquaculture model, using industrial symbiosis to recycle by-products from nearby industries.

Founded in 2020, Big Akwa is positioning itself as a leader in land-based fish farming. The new funding round and public listing mark key steps in its ambition to become a major player in the global seafood industry.

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