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Nordic investment firms dive deeper into aquaculture sector

Stockholm-based equity fund Summa Equity has partnered with Longship Fund II of Oslo in investing on a turnkey supplier of recirculating aquaculture system (RAS) equipment.

The two firms said they are investing in RAS solution provider Nofitech support growth opportunities in land-based fish farming.

The Trondheim, Norway-based company specializes in module-based RAS solutions for land-based allow aquaculture farmers. The company was established in 2011 by the founders Geir Løvik and John Hestad.

“Nofitech provides standardized turnkey solutions and equipment, a training program, market leading automation, a revolutionary production prediction system and no-waste solutions to be launched in the near future, we are well-positioned for further growth,” said Bernt Østhus, partner at Longship.

Longship Fund I invested in Nofitech back in 2018.

For Summa Equity, For Summa, its investment in Nofitech marks the company’s second foray into the  aquaculture sector.

“Nofitech fits our thematic investment approach well and has a sustainable approach to enabling land-based aquaculture,” said Martin Gjølme, partner at Summa.