Food-tech company Big Akwa receives financing to accelerate growths
The company announced that they have received SEK 2,660,000 from Almi Invest, Sparbanksstiftelsen Norrlands Riskkapitalstiftelse and 2 private investors.
Big Akwa is a food-tech company developing sustainable protein production by using industrial waste. It plans to build a land-based fish farm with an annual capacity of 3000 tons in industrial symbioses with the other enterprises in Västernorrland.
- It’s a great honor to partner with such established and professional investors such as Almi Invest and Sparbanksstiftelsen. Collaboration contributes to Big Akwa's strategy to create resource-efficient industrial clusters and accelerate transition towards a more sustainable society, says Hugo Wikström, one of the company's founders.
- Sustainable food production is a key issue in creating robust and sustainable societies. Traditional food production systems have a huge negative impact on at least three of the nine planetary boundaries, namely biodiversity, climate change and nitrogen and phosphorus leakage. Big Akwa’s approach is to produce sustainable food without compromising them, says Maria Hedblom, CEO of Sparbankstiftelsen Norrlands Riskkapitalstiftelse.
- Big Akwa's plans are fully in line with the ongoing transformation to a sustainable society. That is why it is interesting to invest in the company, says Mats Håkansson at Almi Invest.
Information from investors:
Sparbankstiftelsen Norrlands Riskkapitalstiftelsen works to promote regional development in Västerbotten and Västernorrland regions of Sweden. By investing in shares, we help start-up companies in our region. The main objective of our investments is not to maximize the return in the form of money, but to be a force that works for long-term regional development.
Almi Invest is Sweden's most active investor in startups. make investments throughout the country via 8 regional venture capital companies and one national venture capital company within GreenTech. Almi Invest manages approximately SEK 3.5 billion and has invested in approximately 660 startups since its inception. Our best holdings have been acquired by, among others, Google, Microsoft, Qlik and Apple or listed on various stock exchanges. Almi Invest is a venture capital company within the Almi Group. https://www.almi.se/almi-invest/
For more information contact:
Hugo Wikström, VP and co-founder, hugo@bigakwa.com, +46705343001
About Big Akwa
With a co-located fish farming system Big Akwa revolutionizes land-based aquaculture by introducing industrial symbiosis between the aquaculture and industry. Our industrial food-tech innovation utilizes the waste of each other to produce competitive and safe products.
Tags: