EIT InnoEnergy and Inter IKEA Group Invest in Nordic SeaFarm
EIT InnoEnergy has made its latest investment in Nordic SeaFarm, a pioneering company in sustainable seaweed cultivation.
This marks a significant milestone in Nordic SeaFarm’s growth trajectory, as the company successfully closes a capital round totaling 25 million SEK, with InnoEnergy and Inter IKEA as lead investors.
Farming seaweed at scale
We are thrilled to welcome EIT 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 materialsSimon Hilmersson, CEO of Nordic SeaFarm
A promising resource for a greener future
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.Jonas Nordlund, Investment Manager at EIT InnoEnergy Scandinavia
The next generation of materials
Inter IKEA Group views this investment as an important step to further explore the potential of marine materials as a feedstock. In a press release issued by Nordic SeaFarm, Robert Carleke, Innovation Ventures Manager from Inter IKEA Group stated that 'to accelerate innovation and transformation on topics that are strategic to our business, we are open and curious to explore new opportunities. Through our investments we aim to support companies that are leading the next generation of recycled and renewable internal materials, and Nordic Seafarm’s dedication to pushing boundaries of research and development and their strong focus on sustainability and scaling exemplifies that goal.'
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