Smolt raises about ¥200m pre-Series A extension to expand salmon production
mint led the equity financing as Smolt prepares to add production sites for heat-tolerant cherry salmon and Tsukimi Ikura.
Smolt raised approximately ¥200 million in a pre-Series A extension through a third-party allotment of shares. mint led the financing, with Samurai Incubate, ANOBAKA and Chugin Capital Partners participating.
The company plans to expand production sites across Japan for its heat-tolerant cherry salmon and Tsukimi Ikura roe. The investment supports wider production through a model that supplies seed stock and breeding methods to partner farms.
Smolt's selective-breeding programme has reached seven generations without gene editing. Its warmer-water strains are intended to let aquaculture producers adapt production to changing water conditions.
Use of funds
Expand production sites for heat-tolerant cherry salmon and Tsukimi Ikura