Integrated Norwegian cod farming operation 

With its wild-caught fish origins in Gisundet, Vika Bay in 1991, KIME Akva is now a conventional fully-integrated cod farming operation in Northern Norway.  Since it was formally founded by Ørjan Jensen in 2020, the company has secured cod farming licenses; initiated operations at strategic sites; and formed key partnerships to ensure a robust supply chain.

Founders

  • Ørjan Jensen

Founders

  • Ørjan Jensen
Dive Deeper

Cod supplies are facing headwinds with a 20% reduction in cod quotas in the Barents Sea in 2024 to 543,427 tonnes, on top of the 2023 quota reduction of 23%, driving prices higher.

Most Atlantic cod is caught in the Barents Sea by Norwegian and Russian producers, which collectively caught 761,000 MT in 2023.

 

Formally founded by Ørjan Jensen in 2020 as a conventional cod farmer in Northern Norway, KIME Akva’s ambition is to become a cost-leading, fully integrated operation by 2025.

As of November 2024, the company has secured cod farming licenses; initiated operations at strategic sites; and formed key partnerships to ensure a robust supply chain.  

In 2024, KIME Akva completed its first full production cycle. It now has licenses for 12.8k tonnes approved and plans to scale production up to 24k tonnes per year by 2030. It aims to operate from nine locations in Northern Norway, the natural habitat for wild cod.

The company’s management and operations teams, which have more than 20 years’ salmon and cod farming experience with leadership roles at SalMar and Arctic Cod, is backed by a strong and motivated board of directors.

 

Our investments

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aquaManager

aquaManager
Revolutionising aquaculture management

goodcarbon

goodcarbon
Tech-enabled platform for companies to build long-term carbon credit portfolios from nature-based assets

NovelPlast

NovelPlast
Recycling plastic material waste into an innovative, sustainable product

“This investment will enable Ocean 14 Capital to deliver the innovation needed to meet our climate and sustainability goals. The sustainable blue economy is now a key focus for us and this is a rallying cry for start-up and scale-up marine innovators globally to come forward and help avert the crisis in our oceans and return them to a healthy thriving state.”

Jean Castellini Minister of Finance and Economy of Monaco

“There has never been a more important time to invest in the oceans as a critical way to protect our planet and combat climate change. I am excited to back Ocean 14 Capital and their vision to make a significant positive impact in the blue economy.”

Niklas Zennström

“Builders Vision Fund is excited to be part of Ocean Capital Fund I’s first close. Builders is committed to developing the ecosystem of businesses focused on ocean health and sustainability. We believe the team at Ocean14 Capital have the drive and commitment to lead this impact-focused growth fund for oceans to meaningful market investments that can improve the health of our oceans.”

Peter Bryant Senior Program Officer, Builders Initiative

“Impact investments are an important part of Chr. Augustinus Fabrikker’s investment strategy and with the investment in Ocean 14 Capital Fund I we will total ten impact investments. Our interest in Ocean 14 Capital stems from the importance we see in ensuring sustainable business practices in the ocean to foster future prosperity for this vital part of our ecosystem alongside the unique capabilities we have identified within the team. For this reason, we are delighted to become a cornerstone investor in this exciting venture.”

Claus Gregersen Chief Executive Officer, Chr. Augustinus Fabrikker

“In line with SDG14, our key objective through the Flourishing Ocean’s initiative is to return our ocean to a healthy thriving state. To facilitate this, we are committed to ending overfishing; ending the dumping of plastic, heat and CO2 in our ocean; supporting the sustainable use of ocean resources; conserving key habitats; and facilitating world class research. This is why we are supporting a new venture where the Ocean 14 Capital Fund will invest in projects aligned to our objectives.”

Dr. Tony Worby Chief Executive Officer, Minderoo Foundation’s Flourishing Ocean