BioFish
BioFish is a Norwegian land-based smolt and post-smolt producer using RAS technology at a single Ljones facility, serving Norwegian salmon farmers with robust juveniles that shorten sea-based production cycles, and was acquired by Langøylaks Holding 2 AS in August 2025.
- Company typePrivate
- Founded2016
- HeadquartersBergen, Norway
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What BioFish does
BioFish Holding AS is a Norwegian land-based aquaculture producer specialising in smolt and post-smolt for the salmon farming industry. Founded in 2016 and headquartered in Kvam municipality, the company operates a single recirculating aquaculture system (RAS) facility in Ljones on Norway's west coast, holding an aquaculture license for 5 million smolt and a discharge license for 2,200 tonnes per year. The RAS platform recycles approximately 99% of process water and incorporates three proprietary production elements: combined freshwater and seawater phases to acclimate smolt to marine conditions, temperature regimes modelled on wild salmon habitats in early growth, and gravity-based wellboat loading that eliminates pump stress on fish. The site is operated from inside PO3, the highest-density Norwegian salmon production area, where roughly 40% of Norway's fish farming sites lie within a one-day transport radius.
The company serves Norwegian salmon farmers operating in PO3 and surrounding west-coast regions, targeting customers who require robust juveniles that can shorten sea-based production cycles by 4-6 months and reduce exposure to sea lice and disease. BioFish generates revenue through negotiated, project-based B2B supply contracts specifying volume, weight class (smolt at 1-2g through post-smolt up to 1,000g), and delivery timing; multi-year contracts provide volume visibility. Customers are large, established salmon farming enterprises, with deliveries made directly via wellboat from the Ljones facility. Volume has scaled from 523 tonnes delivered in 2024 to a 2025 guidance of 1,000-1,200 tonnes, with 720 tonnes/year already contracted for 2025-2027 and options extending to 2028. Q1 2025 revenue reached NOK 34.5M on 323 tonnes, roughly double the NOK 17.2M on 206 tonnes reported for Q1 2024.
In August 2025, BioFish became a wholly-owned subsidiary of Langøylaks Holding 2 AS following a voluntary cash tender offer at NOK 1.77 per share (approximately NOK 230 million total consideration), compulsory acquisition of remaining shares, and delisting from Euronext Growth Oslo. The facility continues to operate under Langøylaks ownership, with certifications maintained in Global G.A.P. (since 2016), GRASP, and CICERO Shades of Green.
BioFish firmographics
Firmographics- Name
- BioFish
- Legal name
- Biofish Holding AS
- Website
- https://biofish.no
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- BioFish is a Norwegian land-based smolt and post-smolt producer using RAS technology at a single Ljones facility, serving Norwegian salmon farmers with robust juveniles that shorten sea-based production cycles, and was acquired by Langøylaks Holding 2 AS in August 2025.
- Ownership category
- akta.pro rank
BioFish industry classification
Industry- Product category
- Salmon Smolt and Post-Smolt Aquaculture Production
- NAICS
- Finfish Farming and Fish Hatcheries (112511)
- SIC
- Agricultural Prod-Livestock & Animal Specialties (200)
- akta.pro primary industry
- Finfish Farming (e.g., salmon, tilapia, catfish) (AFAEAAAA)
Keywords
Where BioFish is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
BioFish business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Smolt and Post-Smolt Sales: BioFish generates revenue through the production and sale of high-quality smolt and post-smolt to Norwegian salmon farming companies. The company delivers fish at various weights (250-600+ grams) under contracts with industry players. Revenue is project-based per delivery, with multi-year contracts providing visibility.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
BioFish product offering
Product offeringCore offering
BioFish produces and sells high-quality smolt (1-2g to 120+g) and post-smolt (up to 1000 grams) to Norwegian salmon farming companies. Production is based on recirculating aquaculture system (RAS) technology at its land-based facility in Ljones, Western Norway. The company holds an aquaculture license for 5 million smolt and a discharge license for 2,200 tons per year, supplying post-smolt that enables customers to shorten sea-based production cycles by 4-6 months.
Product overview
BioFish operates as a single-product company focused on producing high-quality smolt and post-smolt for the salmon farming industry. Their production is based on recirculating aquaculture system (RAS) technology at their facility in Ljones, Western Norway, near the Hardangerfjord. The company produces smolt at various growth stages (1-2g, 10g, 20g, 120g) and post-smolt (up to 1000g), with approximately 99% of water recycled. BioFish's integrated offering includes producing, growing, and delivering robust salmon juveniles that are prepared for seawater transition, targeting salmon farmers in high-density farming areas with shorter transportation distances.
Differentiator
Problem solved
Functional benefit
Products and services
- Smolt and Post-Smolt Production Production and sale of high-quality salmon smolt (1-2 gram to 120+ gram) and post-smolt (up to 1000 gram) for Norwegian salmon farming companies. Produced using RAS technology with freshwater and seawater systems, temperature regimes matching wild salmon habitats, and gravity-based delivery to wellboats. The company holds a 5 million smolt aquaculture license and a 2,200 ton discharge license, with the Ljones facility fully operational since 2024.
Quantifiable outcome
- Shorter sea-based production time by 4-6 months
- +2 more outcomes
Companies that use BioFish
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
BioFish technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
BioFish partnerships and signals
Strategic signalScale indicators11 records
Recent moves7 records
Expansion highlights4 records
BioFish competitors and assessment
Company assessmentDirect peers
- Bakkafrost: Faroese salmon farmer with significant own smolt production including large freshwater RAS hatcheries. Direct comparable in vertically integrated salmon farming with own smolt operations serving Atlantic salmon farmers.
- Cermaq Group AS: Global salmon farming major (Norway, Chile, Canada) with own smolt operations including RAS facilities. Comparable integrated salmon value chain presence and Norwegian operational footprint.
- SalMar ASA: One of the world's largest Norwegian salmon farmers, operating integrated smolt/post-smolt production including significant land-based RAS capacity. Directly comparable as both a smolt producer and salmon farmer serving the same Norwegian customer base.
- Grieg Seafood ASA: Norwegian-headquartered salmon farmer with smolt operations in Norway and Canada, including RAS investments. Comparable as a Norwegian salmon producer that both produces and purchases smolt/post-smolt.
- Nordlaks AS: Norwegian family-owned salmon producer operating its own RAS-based smolt and post-smolt facilities in Northern Norway. Comparable RAS technology platform and direct overlap with BioFish's smolt supply business model.
- Atlantic Sapphire ASA: Land-based RAS salmon producer pursuing fully recirculated grow-out to harvest size. Direct technology comparable to BioFish's RAS platform, although at much larger end-market stage (post-smolt versus harvest).
- Norway Royal Salmon ASA (NRS): Norwegian salmon farmer focused on the Troms/Finnmark region with own smolt production. Comparable Norwegian salmon farming business model that includes smolt/post-smolt supply for its own and third-party grow-out.
Emerging players
- Pure Salmon (AquaBounty facilities and 8F Asset Management portfolio): Global land-based RAS salmon project developer with facilities planned in multiple geographies. Direct technology overlap with BioFish's RAS approach to salmon production.
- AquaBounty Technologies: US-listed land-based RAS aquaculture company focused on salmon and trout. Comparable RAS technology stack and biological production approach to BioFish, though at smaller commercial scale.
Broad incumbents
- Mowi ASA: The world's largest Atlantic salmon producer, with vertically integrated smolt operations across Norway including RAS facilities. Overlaps with BioFish as both a producer of RAS smolt and a potential customer/competitor for Norwegian salmon farmers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
BioFish social profiles
Digital presenceBioFish compliance and trust
Trust signalCompliance3 records
BioFish financial estimates
Financial estimateRevenue estimate
Valuation estimate
BioFish leadership team
Management profileNumber of profiles
Profiles7 records
BioFish subsidiaries and ownership
Company hierarchySubsidiaries1 record
BioFish funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BioFish M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BioFish
What does BioFish do?
BioFish produces and sells high-quality smolt (1-2g to 120+g) and post-smolt (up to 1000 grams) to Norwegian salmon farming companies. Production is based on recirculating aquaculture system (RAS) technology at its land-based facility in Ljones, Western Norway. The company holds an aquaculture license for 5 million smolt and a discharge license for 2,200 tons per year, supplying post-smolt that enables customers to shorten sea-based production cycles by 4-6 months.
Is BioFish a public or private company?
BioFish is a private company. It is classified as corporate owned and is currently acquired.
When was BioFish founded?
BioFish was founded in 2016. It employs 11 to 50 people.
Where is BioFish based?
BioFish is headquartered in Bergen, Norway, in the Europe region.
How does BioFish make money?
One revenue line is on record: smolt and Post-Smolt Sales.
Who are BioFish's main competitors?
Direct peers on record are Bakkafrost, Cermaq Group AS, SalMar ASA, Grieg Seafood ASA, Nordlaks AS, Atlantic Sapphire ASA and Norway Royal Salmon ASA (NRS). Emerging players are Pure Salmon (AquaBounty facilities and 8F Asset Management portfolio) and AquaBounty Technologies. Mowi ASA is listed as a broad incumbent.
Does BioFish have an API?
No public API is recorded for BioFish.
What industry is BioFish in?
BioFish's product category is Salmon Smolt and Post-Smolt Aquaculture Production. Its primary akta.pro industry code is AFAEAAAA, Finfish Farming (e.g., salmon, tilapia, catfish). Its NAICS code is 112511 and its SIC code is 200.