Investing in the future of the blue economy

About

We aim to create the world’s leading impact seafood investor supporting companies with capital and knowledge to help grow the world’s access to sustainable seafood

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Bluefront Equity

Bluefront Equity is a pure play seafood private equity firm. Bluefront invests across the seafood value chain in the future of the blue economy.

  • Diversified exposure to the strong megatrend of seafood in general and salmon farming in particular
  • Located in Norway, the leading country within the industrialization of the seafood sector
  • Dedicated and experienced founding team supported by former top executives in the seafood value chain
  • Proprietary environmental, social and governance (ESG) framework integrated in the mandate
read more about our esg framework
Two salmon
Fish cages
Salmon fillets

Sustainable Equity

General Disclosure

Bluefront Equity has implemented disclosure requirements under Article 8 which means that we will promote products environmental and social characteristics

Company and industry spesific disclosure

Bluefront will identify the materiality of the different ESG risks as part of the deal sourcing and create a strategy for evaluation as part of the investment decision

Bluefront Capital I AS promotes environmental characteristics as defined in Article 8 of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (Sustainable Finance Disclosure Regulation or “SFDR”).

The disclosures below are prepared in accordance with the Sustainable Finance Disclosure Regulation Article 3, 4, 5 and 10 and provide information on Bluefront Equity’s approach to ESG and sustainability in a regulatory context and details on the environmental characteristics promoted by Bluefront Capital I AS.

Portfolio

Redox is a leading provider of environmentally friendly disinfection and biosecurity solutions for the aquaculture industry.

Impact:
Increased use of ozone in disinfection contributes to reduction in the use of chemicals and improves bio security in the seafood value chain.

Location: Norway
Date of investment: June 2021
Fund I
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About

Redox has delivered systems for ozone and oxygen for more than 15 years. The company has a clear market leading position in biosecurity systems for well-boats, a market considered to be complex due to limited space, harsh environment, vibrations and importance. The company is growing rapidly within sea- and land-based farming and has developed an exciting technology focusing on NOx-reductions.

Case responsible: Kjetil Haga

Board of Directors

Kjetil Haga (Chairman)

Finn-Tore Sylte

Aino Olaisen

Year of initial investment: 2021
Headquarters: Averøy

Bio Marine is specializing in oxygen and light management solutions to improve fish health in aquaculture.

Impact:
Ideal oxygen conditions and light managements systems contributes to better animal welfare, increases growth and reduces mortality.

Location: Norway
Date of investment: April 2022
Fund I
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About

Bio Marine has specialized in dissolving oxygen in water for over 10 years. Their product portfolio is developed through research and testing over several years. The company has expanded their product offering to light management systems and more complete solutions to closed and semi-closed farming systems across different species. 

Case responsible: Kjetil Haga

Board of Directors

Jon Gausen (Chairman)

Nils Hovden

Kjetil Haga

Simen Bjørnstad Landmark

Sondre Storli

Year of initial investment: 2022
Headquarters: Surnadal

Akvasafe is an accredited inspection body delivering inspection, engineering and certification services as well as environmental surveys to salmon farmers. 

Impact:
Inspection and certification in  aquaculture farming systems contributes to moving the industry towards more sustainable production.

Location: Norway
Date of investment: January 2022
Fund I
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About

Akvasafe delivers inspections, engineering and certification services as well as environmental surveys to salmon farmers. The company also has proprietary products, such as the wavebreaker,  through its fully owned subsidiary Sematek AS. Obtaining necessary certifications, licenses and environmental approvals are considered a license to operate for salmon farmers. 

Case responsible: Simen Bjørnstad Landmark

Board of Directors

Jon Knudsen (Chairman)

Ingve Karlsen

Simen Bjørnstad Landmark

Johan Kostveit

Year of initial investment: 2022
Headquarters: Bergen

Proff Kulde is an innovative provider of natural refrigerant solutions (using CO2) primarily to the seafood industry in Norway.

Impact:
Adoption of natural refrigerants systems contributes to reduce overall GHG emissions. For food production, an efficient cooling system prolongs a product’s lifetime and increase its quality.

Location: Norway
Date of investment: June 2022
Fund I
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About

Proff Kulde is one of few companies producing and delivering patented products using the natural refrigerant CO2. They deliver cooler-, freezer-, and heater solutions to clients within marine and industrial markets. The company has an innovative mindset, focusing on reducing components and space requirements, while at the same time increasing efficiency.

Case responsible: Simen Bjørnstad Landmark

Board of Directors

Jan Sverre Røsstad (Chairman)

Mathias Ingebrigtsen

Morten Engen

Simen Bjørnstad Landmark

Sondre Storli

Year of initial investment: 2022
Headquarters: Svolvær

Seacloud is an industrial and independent data aggregator, enabling data across operations and supporting decision making.

Impact:
Data aggregation enables informed decision making, which contributes to improved resource utilization, reduced emissions and increased safety and quality of operations.

Location: Norway
Date of investment: December 2022
Fund I
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About

Seacloud is a neutral data aggregator, where data can be viewed and analyzed in real time through a software portal. The company also delivers sensors to measure important parameters both above (e.g., weather data) and below sea level (e.g., oxygen, current, salinity, etc.). Data from Seacloud can be used in mandatory government reporting, nonfinancial reporting (ESG) and to support operations.

Case responsible: Kjetil Haga

Board of Directors

Charles Høstlund (Chairman)

Kjetil Haga

Morten Ingebrigtsen

Jørn-Roar Pedersen

Johan Kostveit

Year of initial investment: 2022
Headquarters: Alta

Naviaq provides a software solution giving clients control of equipment, service orders and bigger operations.

Impact:
Complete control and status of equipment can reduce the risk of contaminating the ocean, the risk of habitat destruction and biodiversity loss, and increase the safety of employees working both onshore and offshore.

Location: Norway
Date of investment: November 2022
Fund I
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About

Naviaq provides a software delivering a variety of solutions to different parts of the salmon farming industry (i.e., salmon farmers, service vessels, wellboats). It gives the client full overview of the technical standard of the facility and/or the associated vessel fleet. The company also offers business systems for service vessels, including invoicing, documentation, crew calendar, etc.

Case responsible: Simen Bjørnstad Landmark

Board of Directors

Ivar Strand (Chairman)

Ove Løfsnæs

Simen Bjørnstad Landmark

Charles Høstlund

Martin Slettvoll Munkeby

Year of initial investment: 2022
Headquarters: Trondheim

Spillfree is a software company delivering analyses and decision support tools for optimizing feeding performance.

Impact:
Supporting fish farmers with analysis and advice on optimal feeding, can reduce feed spillage, emissions and subsequently cost levels.

Location: Norway
Date of investment: March 2023
Fund I
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About

Spillfree Analytics is a software company delivering analyses and decision support tools for optimizing feeding performance. The company uses video and data analysis to explain the fish’s reaction to feed in different situations. This gives valuable information to the customers enabling fish farmers to reduce feeding cost, improve biological growth and reduce impact on the marine environment.

Case responsible: Simen Landmark

Board of Directors

Olav Jamtøy (Chairman)

Arnfinn Aunsmo

Odd Strøm

Simen Bjørnstad Landmark

Johan Kostveit

Year of initial investment: 2023
Headquarters: Trondheim

Learn more about our team

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Team

Kjetil Haga

Founding Partner

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Simen Landmark

Founding Partner

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Sondre Storli

CFO

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Johan Kostveit

Senior Investment Associate

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Alf-Helge Aarskog

Industry Partner

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Jan Sverre Røsstad

Industry Partner

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Arne Trondsen

Industry Partner

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Solveig van Nes

ESG Advisor

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Aino Olaisen

Industry Advisor

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Charles Høstlund

Industry Advisor

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Bjørn Apeland

Industry Advisor

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Rami Haug Khoury

Industry Advisor

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Shane A. Hunter

Industry Advisor

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News

Bluefront adds AI feed analysis provider to its portfolio

Bluefront Equity is further investing in the digitization of the aquaculture industry with its investment in Spillfree Analytics AS, which assists farming companies with analyzing and improving feeding processes and growth potential.

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March 7, 2023

Bluefront Equity invests in Naviaq

20 October 2022 — Seafood investor Bluefront Equity invests in Naviaq AS, who supplies software solutions which standardize, safeguards and streamlines workflows for fish farmers as well as service and wellboat operators.

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December 9, 2022

Bluefront enters Seacloud AS

It's time decisions were supported by data

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December 2, 2022