What is First Water?
Founded in 2017, First Water is dedicated to producing high-quality salmon while minimizing environmental impact. The company leverages Iceland's abundant natural resources, including renewable energy and pristine seawater, to set new benchmarks in sustainable aquaculture. Their commitment to responsible seafood production positions them as a leader in the evolving industry.
How much funding has First Water raised?
First Water has raised a total of $132.2M across 2 funding rounds:
Private Equity
$89.5M
Other Financing Round
$42.7M
Private Equity (2023): $89.5M with participation from Stodir
Other Financing Round (2025): $42.7M, investors not publicly disclosed
Key Investors in First Water
Stodir
Stodir is an Icelandic investment company focused on long-term value creation through active ownership, with a strategy emphasizing sustainable growth across its portfolio.
What's next for First Water?
The substantial enterprise-level funding indicates First Water is poised for significant scaling and expansion. This capital injection will likely fuel further technological advancements in their sustainable farming methods, potentially increasing production capacity and market reach. The strategic nature of the recent investment suggests a focus on solidifying partnerships and enhancing operational efficiencies to maintain their leadership in the responsible seafood sector.
See full First Water company page
