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🇮🇸 Icelandic land-based salmon farmer completes large funding round, changes name

July 3, 2023

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Originally published by IntraFish on 3 July

The company’s next harvests are scheduled for August and October, and both of these harvests are likely to be similar in volume and size to its first batch, CEO Eggert Kristofersson said. Photo: Landeldi

Icelandic land-based salmon farmer Landeldi, now renamed to First Water, has completed a ISK12.3 billion million (€82 million/$90 million) equity raise.

Icelandic investment company Stodir remains First Water’s largest shareholder following the round, and new shareholders include the private equity fund Horn, and a range of domestic and foreign investors, including pension funds and private investors.

For the full version of this article, visit IntraFish.

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