Fewer aquaculture VC deals but bigger cheques in 2025


The number of venture-backed aquaculture deals fell last year, but total deal value rose sharply as investors concentrated capital into larger, later-stage companies, according to PitchBook data.

“I expect Norwegian salmon tech to remain very active, fueled by the good multiples of the latest transactions. Towards the end of the year, activity and excitement might slow down, though,” Hatch Blue Managing Partner and co-founder Georg Baunach said.

Photo: Hatch