What Cryogenetics does

Cryogenetics AS is a Norwegian cryobiology company founded in 2002 in Hamar as a research spin-off between Geno and AquaGen, focused on the cryopreservation of aquatic genetic material — primarily fish sperm and milt — for the aquaculture industry, biomedical research, and biodiversity conservation. The company's technical platform centers on proprietary cryopreservation protocols for Atlantic salmon, other salmonids, cleanerfish, and zebrafish, supported by a patent-protected SquarePack industrial-scale packaging system (11ml milt capacity), an exclusive zebrafish protocol yielding average fertilization rates of 75% or higher, and branded AquaBoost® consumables including SpermCoat extenders, Activator, OvaCoat, and Quattro fixation solution. In-house equipment — the QuattroMachine automated fertilization analysis system, Photometer, Thawing Kit, CryoGo transport unit, and Microscope — is sold alongside third-party reproduction equipment.

Cryogenetics monetizes through five interlocking revenue streams: (1) cryopreservation and storage services delivered at its own laboratories or via mobile on-site deployment; (2) equipment sales of proprietary and third-party instruments; (3) branded consumable sales through the AquaBoost line; (4) training on milt handling, IVF optimization, and egg production; and (5) consulting and co-developed R&D engagements ranging from single-issue experiments to multi-year research collaborations. Pricing is custom and not publicly disclosed; the model operates as enterprise B2B sales anchored by named regional sales managers and dedicated business development personnel.

The company distributes through wholly owned production laboratories in Norway (Hamar headquarters and a Sjetnemarka facility co-located with Geno), Chile (Puerto Montt, serving South American salmon markets), the United States (New Hampshire, with a dedicated zebrafish operations function), and Canada (British Columbia), supported by a small leadership team including a CEO, Sales Manager, R&D Coordinator, Global Quality and Business Development Manager, regional Managing Directors, and a Production Manager. Public-sector anchor work includes the National salmonid Genebank program with the Norwegian Environment Agency, encompassing over 40,000 cryopreserved samples. Institutional capital has been provided by Investinor (2012) and the InvestEU program.

Name

Cryogenetics

Legal name

Cryogenetics AS

Website

https://cryogenetics.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Cryogenetics AS is a Norwegian cryobiology company founded in 2002 that develops and commercializes fish sperm cryopreservation protocols, proprietary packaging and equipment, and AquaBoost consumables for the aquaculture industry, conservation agencies, and biomedical zebrafish research institutions worldwide.

Ownership category

akta.pro rank

Product category

Aquaculture Cryopreservation Services

NAICS

Aquaculture (11251), Finfish Farming and Fish Hatcheries (112511)

SIC

Biological Products, (No Disgnostic Substances) (2836)

akta.pro primary industry

Cryopreservation & Germplasm Banking (Semen/Embryos/Oocytes) (AFAEAJAH)

akta.pro secondary industries

Aquaculture Breeding & Genetics Services (e.g., broodstock improvement) (AFAEAJAN), Cryogenic Logistics (LN2 Dry Shippers, -150°C) (HLAGAMAB), Cold Chain Storage & Cryopreservation Services (LN2/Ultra-low) (HLAGAGAK)

Keywords

• Fish cryopreservation services
• Aquaculture reproduction technology
• Sperm cryopreservation solutions
• Zebrafish IVF services
• Aquatic gene preservation

Headquarters

HQ city

Hamar

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Cryopreservation & Storage Services: Cryo-operation and storage services offered at Cryogenetics' laboratories worldwide or at client's site. Includes mobile laboratory services for on-site cryopreservation.
2. Equipment Sales: Sales of proprietary equipment including QuattroMachine, Photometer, Thawing kit, Microscope, and CryoGo. Also includes third-party equipment for the reproduction process.
3. AquaBoost Products: Reproduction enhancing remedies including SpermCoat Salmonids, SpermCoat Cleanerfish, Activator, OvaCoat, and Quattro fixation solution.
4. Training Services: Training on optimal milt extraction and handling, optimization of fertilization process using fresh and cryo milt, and general process optimization of egg production.
5. Consulting and R&D: Consulting and common R&D with customers, breeding advisory consulting, and custom research projects varying from single-issue experiments to complex multi-year investigations.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Cryogenetics provides cryopreservation services, proprietary equipment, and reproduction-enhancing consumables for the aquaculture industry, conservation programs, and zebrafish research institutions. Its offerings include cryo-operation and storage at its own or client laboratories, the patented SquarePack packaging system, automated fertilization analysis equipment (QuattroMachine), and the AquaBoost product line of sperm extenders, activators, and fixation solutions. The company also delivers training, consulting, and R&D collaboration on fish reproduction and cryopreservation.

Product overview

Cryogenetics offers a comprehensive portfolio of cryopreservation technology, equipment, and services for the aquaculture industry and research institutions. The core offering includes Cryoservice (cryopreservation operations and storage), the SquarePack® patented packaging system, and the QuattroMachine automated fertilization analysis equipment. The AquaBoost® product line provides reproduction enhancing remedies including sperm extenders (SpermCoat for salmonids, cleanerfish, and zebrafish), activators, OvaCoat for egg preservation, and Quattro fixation solution. Additional equipment includes Photometer, Thawing Kit, Microscope, and CryoGo for milt transportation. Services encompass training, consulting, R&D collaboration, and IVF services for zebrafish. Products under development include CryoBase and Gonad Extraction Kit. The company operates globally with laboratories in Norway, USA, Canada, and Chile.

Differentiator

Problem solved

Functional benefit

Brands

• AquaBoost®: Reproduction enhancing remedies product line including SpermCoat, Activator, OvaCoat, and Quattro for improving fish reproduction efficiency in aquaculture.

Products and services

• Cryoservice Cryo-operation and storage services performed in Cryogenetics' laboratories or at client's site for preservation of aquatic genetic material, including mobile on-site cryopreservation.
• QuattroMachine Own-designed automated equipment for fertilization rate analysis at early (4-8 cell) and spine stage development, part of Cryogenetics' reproduction equipment portfolio.
• AquaBoost SpermCoat Salmonids Sperm extender for salmonid species used for dilution and short-term storage of stripped and gonad-extracted milt, part of the AquaBoost reproduction remedies line.
• AquaBoost SpermCoat Cleanerfish Sperm extender designed for saltwater (cleanerfish) species, used for dilution and short-term storage of stripped and gonad-extracted milt, part of the AquaBoost line.
• AquaBoost SpermCoat (Zebrafish) Sperm extender for zebrafish that allows dilution and pooling of sperm from multiple males prior to IVF, part of the AquaBoost Zebrafish line.
• AquaBoost Activator Milt activating solution for fertilization with both fresh and cryopreserved milt, designed for salmonid species, part of the AquaBoost line.
• AquaBoost OvaCoat Product used to preserve egg quality after stripping and improve results of zebrafish IVF, recommended for both fresh and cryopreserved sperm fertilization, part of the AquaBoost Zebrafish line.
• AquaBoost Quattro Fixation solution for fertilization analysis that can be used at various developmental stages, part of the AquaBoost product line.
• SquarePack Patent-protected industrial-scale packaging system holding 11ml of milt, designed for cryopreserving large milt volumes which drastically facilitates the fertilization process; only industrial scale packaging offered by Cryogenetics.
• Photometer Concentration measurement device for standardized and efficient fertilization, part of Cryogenetics' reproduction equipment portfolio.
• Thawing Kit High capacity thawing equipment designed for industrial scale fertilization operations.
• Microscope Equipment for quick and easy sperm motility assessment, part of Cryogenetics' reproduction equipment portfolio.
• CryoGo Equipment for optimal milt transportation under stable temperature conditions, part of Cryogenetics' reproduction equipment portfolio.
• Training Services Training services covering optimal milt extraction and handling, optimization of fertilization processes using fresh and cryo milt, and general process optimization of egg production.
• Consulting Services Consulting and joint R&D with customers, including breeding advisory consulting and research collaboration on fish reproduction and cryopreservation, ranging from single-issue experiments to complex multi-year investigations.
• Zebrafish Cryopreservation & Storage Service Cryopreservation and secure storage services for zebrafish sperm using unique small volume straws with printed labels and color coding for easy tracking, used by biomedical research institutions.
• Zebrafish IVF Service Standardized in vitro fertilization services for biomedical research institutions using cryopreserved zebrafish samples, achieving fertilization rates averaging 75% or higher.

Quantifiable outcome

• 75% or higher fertilization rates for zebrafish IVF using cryopreserved samples
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• GenocoreStrategic or Co-development Partner · 1 January 2002Original research partner in the founding project to develop cryopreservation protocols for Atlantic salmon milt. This partnership between Geno and AquaGen initiated Cryogenetics in 2002, establishing the foundation for the company's cryopreservation technology.
• AquaGencoreStrategic or Co-development Partner · 1 January 2002Original research partner in the founding project to develop cryopreservation protocols for Atlantic salmon milt. This partnership between Geno and AquaGen initiated Cryogenetics in 2002, establishing the foundation for the company's cryopreservation technology.
• Norwegian Environment Agency (Miljødirektoratet)coreStrategic or Co-development Partner · 1 January 1986Main conservation partner for the National salmonid Genebank (NGB) program. The Norwegian government committed to a comprehensive biodiversity strategy to conserve genetic diversity of wild salmonid populations, with Cryogenetics optimizing and standardizing protocols for the program spanning over 40,000 cryopreserved samples.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Benchmark Genetics: Benchmark Genetics is a leading aquaculture genetics and breeding company operating salmon and shrimp breeding programs globally. Directly comparable as a competing provider of genetic services and breeding technology to salmonid producers, although it integrates further downstream into selective breeding than Cryogenetics.
• Xelect: Xelect provides genetics services and breeding program management to the aquaculture industry, including genetic analysis and broodstock management. Directly comparable as a genetics services provider serving similar aquaculture customers with adjacent cryopreservation-adjacent capabilities.
• Salmobreed: Salmobreed is a Norwegian Atlantic salmon breeding company producing eyed eggs and smolts for the global aquaculture industry. Directly comparable as a Norway-based salmonid genetics company that Cryogenetics serves and competes with as part of the broader salmon breeding ecosystem.
• StofnFiskur: StofnFiskur is an Icelandic aquaculture breeding company specializing in Atlantic salmon and Arctic char genetics. Comparable as a salmonid breeding company in the same value chain that Cryogenetics supports with cryopreservation services.
• AquaGen: AquaGen is one of the world's leading suppliers of genetic material (eggs and smolts) to the Atlantic salmon industry and co-founded Cryogenetics in 2002. A direct customer and historical partner that operates adjacent cryopreservation and breeding capabilities, representing both customer and competitor dynamics.
• Geno: Geno is a Norwegian breeding cooperative and co-founder of Cryogenetics, focused on genetic improvement of Norwegian Red cattle and Atlantic salmon. Directly comparable as a co-founding salmon genetics partner that both drives Cryogenetics' technology and could be considered a long-term ecosystem player.
• Center for Aquaculture Technologies: Center for Aquaculture Technologies (CAT) is a contract research organization offering genetics, breeding, and health services to the aquaculture industry. Comparable as a service-led aquaculture genetics provider offering overlapping reproductive and genetic services to similar customers.
• Troutlodge: Troutlodge is a leading global supplier of eyed trout eggs and rainbow trout genetics, part of the Hendrix Genetics aquaculture portfolio. Comparable as a salmonid-adjacent aquaculture breeding company that Cryogenetics could serve with cryopreservation services.

Broad incumbents

• Hendrix Genetics: Hendrix Genetics is a global multi-species animal genetics leader with an aquaculture division including salmon, trout, and shrimp breeding programs. Comparable as a broad incumbent operating in aquaculture genetics with capabilities overlapping Cryogenetics' domain but spanning a much wider species and geography portfolio.

Others

• Nofima: Nofima is Norway's leading food and aquaculture research institute, conducting breeding and reproduction research for the Norwegian seafood industry. Comparable as an adjacent Norwegian research ecosystem partner that Cryogenetics cooperates with and that drives aquaculture R&D demand.

Market position

Strengths5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cm_cryogenetics
• Facebookfacebook.com/CryogeneticsAS
• LinkedInlinkedin.com/company/cryogenetics-as/?originalSubdomain=no

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cryogenetics