Industrial food-tech company Big Akwa has successfully raised funds to support the company's growth.
Big Akwa AB has successfully raised 4.75 MSEK through a combination of equity sales and loans. The findings will be used to proceed with environmental permitting works for 6000 tons of sustainable rainbow trout farm. These land-based RAS facilities are planned to be located in the middle of Sweden, at Alby industrial park designed for industrial symbiosis.
Big Akwa AB has successfully raised 4.75 MSEK through a combination of equity sales and loans. The findings will be used to proceed with environmental permitting works for 6000 tons of sustainable rainbow trout farm. These land-based RAS facilities are planned to be located in the middle of Sweden, at Alby industrial park designed for industrial symbiosis.
The equity sales of 1.75 MSEK was made to the already existing investors Sparbanksstiftelsen Norrlands Riskkapitalstiftelse and Almi Invest Mitt, which are also a part of the company's second investment round. The new loans of SEK 3 million were secured through Almi Företagspartner and Norrlandsfonden.
- We are grateful to our investors and lenders and the great trust they show in our company, says Elena Petukhovskaya, CEO and co-founder of Big Akwa. These investments will be decisive for us to reach our goals in the work with the environmental permits, adds Hugo Wikström, VP and co-founder of Big Akwa.
Big Akwa's ambition is to, together with other actors, develop and implement new innovative solutions for food production through industrial symbiosis. Building the facility in Alby industrial park is the first step in that work.
The upcoming land-based fish farm is to be operated in industrial symbiosis with British Renewable Energy Systems, RES, and Big Akwa also wants to establish an innovative processing of the residual products.
For more information please contact
www.bigakwa.com
info@bigakwa.com
CEO: Elena Petukhovskaya
+46768432204
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.
