The investment round is led by Ichthus Venture Capital (IVC) and Hatch’s Blue Revolution Fund, with participation from several existing shareholders, including Investinor and Bondø Invest. “Planktonic managed to develop a novel, unique feed for hatcheries of marine species. We like the clear value proposition of their offering with strong growth potential across various species and look forward to working with the team to scale the company,” said Georg Baunach, managing partner at Hatch Blue’s Blue Revolution Fund. The proceeds from the capital raise will be used to strengthen production and raw material supply for CryoPlankton, upgrade facilities in Trondheim and support growth in both existing and new markets. *Planktonic is one of Hatch Blue’s portfolio companies, but The Fish Site retains editorial independence.