Kingfish raises private equity for Yellowtail farm

Amsterdam, 13 February 2017. Kingfish Zeeland B.V. has successfully closed a financing round, raising private equity with a capital commitment for additional equity to secure future growth.

Kingfish Zeeland is setting up a new land-based Yellowtail Kingfish farm in Zeeland, the Netherlands. The unique 5,000 sqm fish farm uses a top of the line Re-circulation Aquaculture System (RAS) to produce Yellowtail in a sustainable manner with a major focus on animal welfare. Yellowtail Kingfish is considered luxury food. The project is unique in Europe as there is no production of Yellowtail in the EU, which gives Kingfish Zeeland a competitive edge in the EU as it will not encounter high shipping costs and import duties.

The equity was raised from international private investors. In connection with this funding round, Kingfish Zeeland has been converted from a cooperative association into a Dutch limited liability company.

Amsterdam based law firm BWK Partners Attorneys has advised Kingfish Zeeland on this transaction.