About LAXEY
LAXEY is a company based in Vestmannaeyjar (Iceland) founded in 2023.. LAXEY has raised $133.79 million across 5 funding rounds from investors including Arion banki, Farvatn and Kontrari. LAXEY offers products and services including Atlantic Salmon and Fry Production.
- Headquarter Vestmannaeyjar, Iceland
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Laxey
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$133.79 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Arion banki
& 2 more
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Employee Count
Employee Count
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Products & Services of LAXEY
LAXEY offers a comprehensive portfolio of products and services, including Atlantic Salmon and Fry Production. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Production of Atlantic salmon is conducted using sustainable land-based methods
Provision of fish fry is offered to partners as part of aquaculture operations
Funding Insights of LAXEY
LAXEY has successfully raised a total of $133.79M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(19 Sep 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series D - LAXEY | Valuation |
investors |
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| May, 2025 | Amount | Debt – Conventional - LAXEY | Valuation |
investors |
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| Jul, 2024 | Amount | Series C - LAXEY | Valuation | Farvatn , Kontrari |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LAXEY
LAXEY has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Arion banki, Farvatn and Kontrari. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Farvatn is engaged in profitable impact investments globally.
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Founded Year | Domain | Location | |
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Commercial banking services are offered in Reykjavik, Iceland.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LAXEY
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LAXEY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Laxey Comparisons
Competitors of LAXEY
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LAXEY
When was LAXEY founded?
LAXEY was founded in 2023.
Where is LAXEY located?
LAXEY is headquartered in Vestmannaeyjar, Iceland.
Who is the current CEO of LAXEY?
Daoi Palsson is the current CEO of LAXEY.
Is LAXEY a funded company?
LAXEY is a funded company, having raised a total of $133.79M across 5 funding rounds to date. The company's 1st funding round was a Series C of $6.48M, raised on Sep 19, 2023.
What does LAXEY do?
LAXEY is a company focused on sustainable aquaculture on land. They aim to establish a fish farm in the Westman Islands for the production of 32,000 tonnes of Atlantic salmon per year.
What products or services does LAXEY offer?
LAXEY offers Atlantic Salmon and Fry Production.
Who are LAXEY's investors?
LAXEY has 3 investors. Key investors include Arion banki, Farvatn, and Kontrari.