What Seagrow does

SeaGrow is a private Norwegian investment firm that deploys equity capital into companies operating across the global seafood value chain, with a stated emphasis on sustainable business models and genuine ESG transformation rather than surface-level reporting. Founded around 2021 and based in Bergen, the firm backs companies with strong teams, identifiable growth opportunities, and credible ESG profiles, while structuring each investment so that all investors serve on the portfolio company's board, enabling customized mandates and co-investment flexibility. SeaGrow has assembled a portfolio of six companies spanning seafood by-product utilization (Seagems Norway), maritime collaboration software (TOOL), fish clinical diagnostics (Wellfish Tech), sea-lice prevention (Blue Lice), healthy fast-casual food (Limón), and AI-powered aquaculture production planning (Bioplan).

The firm's core product is its investment mandate and the governance template that accompanies it: board-level engagement, industry network access, and ongoing strategic guidance rather than capital alone. It has no proprietary technology platform; instead, it leverages a close structural partnership with Seafood People, a leading seafood competence environment, to source deals, conduct diligence, and recruit talent. Founding Partner Thomas Bakke doubles as CEO of Seafood People, creating an embedded pipeline of opportunities and industry intelligence that few independent investors can replicate. The firm's board includes a former Morgan Stanley Managing Director, a former Pareto Securities partner, a former Aker Solutions VP M&A, and two long-tenured aquaculture and fishing-industry CEOs.

SeaGrow generates returns through equity appreciation in portfolio companies and exit events, supplemented where applicable by co-investment alongside portfolio founders. The firm markets itself minimally — primarily via a LinkedIn corporate page and direct outreach through Seafood People's network — and operates with what it describes as an agile, bespoke investment approach tailored to each company rather than a standardized fund structure. Limited marketing, small team size (1–10 employees), and absence of disclosed AUM or fee schedules indicate the firm is likely in an early institutional stage, deploying principal capital into a concentrated portfolio of early-stage seafood adjacencies.

Name

Seagrow

Legal name

SeaGrow

Website

https://seagrow.no

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

SeaGrow is a Bergen-based private investment firm that takes board-level equity positions in early-stage companies across the global seafood value chain, backing sustainable aquaculture, processing, diagnostics, and maritime software businesses alongside its strategic partner Seafood People.

Ownership category

akta.pro rank

Headquarters

HQ city

Bergen

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Returns: SeaGrow generates returns through equity investments in portfolio companies. The firm co-invests alongside portfolio companies and provides ongoing board-level involvement. Revenue derives from successful exits and portfolio value appreciation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

SeaGrow is a private investment firm that invests equity capital in companies operating in or adjacent to the global seafood industry. The firm provides board-level investor involvement, co-investment opportunities, and strategic guidance to portfolio companies with strong ESG profiles and significant growth potential. SeaGrow maintains a flexible mandate, customizing investment approaches on a case-by-case basis alongside its partner Seafood People.

Product overview

SeaGrow is a venture investment firm focused on the sustainable development of the global seafood industry. Rather than offering a single unified product or platform, SeaGrow manages a portfolio of six portfolio companies with distinct product offerings: Seagems Norway (upcycled seafood ingredients), TOOL (maritime collaboration platform), Wellfish Tech (fish clinical diagnostics), Blue Lice (sea lice prevention), Limón (healthy food restaurant), and Bioplan (AI-powered aquaculture planning). The portfolio spans across food ingredients, technology platforms, aquaculture health solutions, and consumer food services.

Differentiator

Problem solved

Functional benefit

Products and services

• SeaGrow Equity Investment Mandate

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

One partnership is on record.

• Seafood PeoplecoreStrategic or Co-development PartnerSeaGrow works closely with Seafood People, a leading competence environment in the seafood industry. This partnership provides SeaGrow with deep industry expertise, talent recruitment capabilities (Seafood People operates in consulting and management recruitment), and network access. Thomas Bakke serves as both Founding Partner of SeaGrow and CEO of Seafood People, creating a direct organizational link between the two entities. Seafood People also designed and built SeaGrow's website.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Equilibrium Capital: Equilibrium Capital is an investment firm focused on climate-smart agriculture including controlled environment aquaculture. Its sustainability-aligned mandate across food production systems parallels SeaGrow's ESG-driven seafood thesis.
• Hatch Blue: Hatch Blue is an aquaculture-focused accelerator and investor backing early-stage aquaculture startups globally. Like SeaGrow, it concentrates on aquaculture technology, health, and alternative seafood, making it a directly comparable niche investor.
• S2G Ventures: S2G Ventures is a multi-stage venture fund focused on food, agriculture, and seafood system transformation. It invests across the seafood value chain with explicit ESG and sustainability mandates similar to SeaGrow's approach.
• Paine Schwartz Partners: Paine Schwartz Partners is a private equity firm dedicated to sustainable food chain investments. While larger and later-stage, its seafood and aquaculture portfolio makes it a comparable peer for SeaGrow's value chain investment orientation.
• The Yield Lab: The Yield Lab is a global agrifood tech accelerator and investor network with explicit aquaculture and seafood exposure. Its early-stage mandate and global scope make it a relevant peer for SeaGrow's startup-focused seafood portfolio approach.
• Aqua-Spark: Aqua-Spark is a Netherlands-based investment fund exclusively focused on sustainable aquaculture across the global value chain. It is the most direct competitor to SeaGrow, sharing the thesis of investing across aquaculture production, health, and technology with a sustainability lens.
• BV Investment Partners: BV Investment Partners is a middle-market private equity firm with a dedicated food and consumer practice including seafood. Its growth-oriented food mandate makes it comparable to SeaGrow's value-add investment approach.
• Katapult Ocean: Katapult Ocean is an impact-focused accelerator and investor backing startups addressing ocean and seafood sustainability. Its portfolio overlaps with SeaGrow's sustainable seafood thesis, particularly in aquaculture technology and ocean health ventures.

Broad incumbents

• Creandum: Creandum is a leading Nordic venture capital firm headquartered in Stockholm that invests broadly across tech and consumer. While not seafood-specific, it is a regional incumbent operating in SeaGrow's Nordic geography with comparable stage focus.
• Northzone: Northzone is a Nordic-headquartered venture capital firm with a long history of consumer, tech, and sustainability investments. As a broad incumbent investor active in SeaGrow's Norwegian market, it represents potential competition for the best seafood-adjacent deals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/seagrow-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Seagrow