Axel Johnson’s investment company Novax invests in Gårdsfisk, a manufacturer of land-based fish farming technology and a producer of fish farmed on land. With the new capital, Skåne-based Gårdsfisk will accelerate production, technological development, and distribution to make it even easier for Swedish consumers to gain access to both tasty and sustainably produced fish. The investment takes place in connection with a major capital round in the company, and Novax joins the owner group together with the strategic co-investor and commercial partner HK Scan.
Gårdsfisk already sells its fish products under their own brand in Swedish grocery stores. The company’s business model is based on central technology development, while the fish farming take place at local farms’, with ongoing operational support from Gårdsfisk. In the agriculture, you can use the by-products created from the fish farming on the fields, such as fertilizer and water. In this way, an integrated aquaculture and agriculture is formed. Gårdsfisk’s entire system is designed to minimize environmental impact, with the ambition of creating the world’s most sustainable fish.
The investment marks Novax’ continued and growing involvement within Food of the Future, with a focus on innovative technology in a value chain in transition to more sustainable manufacturing methods and healthy ingredients & food.
Pär Warnström, Investment Manager of Food of the future: “We are very happy to join forces with Johan, Mikael and the team in the expansion journey ahead. Gårdsfisk has developed a modular and scalable end-to-end system for sustainable fish farming, with a clear vision of improving the fishing industry. Fish play a significant role in the protein shift, and land-based fish farming is an example of how innovative technology can shape a new, more sustainable value chain for food production. In Gårdsfisk, we recognize that both team, technology and business model have potential to reach a large scale, and we look forward to supporting Johan, Mikael and the team in the work of accelerating growth in the future. ”
About Novax
Novax is Axel Johnson’s investment company and a long-term and active partner for growth companies. By investing in, supporting, and developing small and medium-sized companies, we are helping build successful companies and future legs for Axel Johnson. Novax works with four main focus sectors: Health & Wellness, Technical Security, Food of the Future, and Digital infrastructure for retail. Novax investments include ApoEx, Apohem, Bruce, Datema, Filippa K, Hedvig, Matsmart, Personalkollen, Prolupin, RCO, STC and Voyado. www.novax.se
Contacts:
Pär Warnström, Investment Manager of Food of the Future, Novax
par.warnstrom@novax.se
+46 (0) 73 052 24 52
