To fulfill the growing demand for sustainable seaweed, Nordic Seafarm in Sweden has secured $2 million (SEK 20 million) in fresh funding as part of its blue revolution activities.
There are also a number of business angels involved in Nordic Seafarm’s funding, including Chef Thomas Sjögren and board member Magdalena Gerger. In order to become Europe’s biggest producer of plant-based seafood, the firm plans to expand its farms on the West coast of Sweden.
In the near future, the seaweed industry is predicted to reach a value of $15.6 billion, with a compound annual growth rate of 11%. Taking use of this potential, Nordic Seafarm has created a unique technique for growing plant-based crops in the water. The firm will be able to satisfy the rising demand for sustainably cultivated seaweed thanks to this financial boost. In five years, the firm hopes to become Europe’s biggest seaweed grower, according to a press statement.
We think that Nordic SeaFarm’s unique knowledge and farming process will benefit the company’s growth while also making a good contribution to the planet’s sustainability.
“A scalability that we feel will benefit both the company’s growth and the planet’s sustainability is possible with the unique knowledge and cultivation approach of Nordic SeaFarm. “As a long-term investor in foodtech and sustainable development, we are glad to be part of another venture.” “, according to JCE Investment Director Sofia Karlsson.
Swedish Michelin-starred restaurants and food manufacturers have already purchased sugar kelp and sea salad from Nordic Seafarm. One of Sweden’s best-known chefs, Thomas Sjögren, was fascinated by the product when he tried it at his restaurant in Fjällbacka.
“It all began when I reached out to them about working together over a year ago. As a result of a chain of events, I’ve now chosen to make an investment. This is something I support, not only because it is better for the environment, but also because we will need to utilize more raw resources in the future “according to the author, Thomas Sjögren.
The seaweed sector has a lot of promise.
Despite Asia now being the largest producer, Europe is making an effort to get a foothold in the industry. Europe’s new seaweed growers are benefiting from increased consumer demand for better levels of traceability and more environmentally friendly farming practices. In comparison to other European nations, the North Sea’s chilly and nutrient-rich waters offer ideal conditions for the efficient and high-quality cultivation of seaweed.
We can start a blue revolution with the additional money, increasing annual offshore farming capacity from 30 tons to over 300 tons.
In the shift to more sustainable food production, the use of seaweed as a raw material will play a crucial role. Expanding offshore farming capacity from 30 tonnes to over 300 tonnes per year, expediting product development, and making our goods accessible to a broader audience are all possible thanks to the increased money we have received. Having strong and committed shareholders who not only provide cash, but also substantial expertise in producing tomorrow’s food products, is a huge plus for Nordic SeaFarm,” CEO Simon Johansson said.