About LAXEY
LAXEY is an Agriculture company based in Vestmannaeyjar (Iceland) founded in 2023. Provider of sustainable aquaculture on land, aiming to establish a fish farm for atlantic salmon. LAXEY has raised $187.16 million across 6 funding rounds from investors including Arion banki, Farvatn and Kontrari. Its chief executive, as recorded, is Daoi Palsson. LAXEY offers products and services including Atlantic Salmon and Fry Production. Its focus areas include Food and Agriculture, Aquaculture Farming and Salmon Farming.
Company details
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.
- Total Equity Funding$187.16M (USD)
in 6 rounds
- Latest Funding Round$53.37M (USD), Series E
Jun 2026
- InvestorsArion banki
& 2 more
Products & Services of LAXEY
LAXEY offers a comprehensive portfolio of products and services, including Atlantic Salmon and Fry Production.
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 $187.16M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $53.37 million completed in June 2026. 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 $187.16M
- Total Rounds 6
- Last Round Series E — $53.37M
- First Round $44.83M
(Sep 2023)
- Investors Count 3
All 6 funding rounds of LAXEY with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Farvatn is engaged in profitable impact investments globally. | farvatn.com | Bergen, Norway | ||
Commercial banking services are offered in Reykjavik, Iceland. | 1929 | arionbanki.is | Reykjavik, Iceland | |
| kontrari.tcc.mode |
Investor details for LAXEY
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of LAXEY
2 people are tracked at LAXEY (2 in leadership).
| Name | Role | Group |
|---|---|---|
Hallgrímur Steinsson | COO & CTO | Leadership |
Daoi Palsson | CEO | Leadership |
Complete people profiles for LAXEY
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of LAXEY
3 dated milestones of LAXEY across 3 years, from founding to its latest funding, stage changes and deals.
- Founded LAXEY is founded.
- Funding First funding round of $44.8M.
- Funding Latest funding round, Series E, of $53.4M.
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Frequently Asked Questions about LAXEY
LAXEY was founded in 2023.
LAXEY is headquartered in Vestmannaeyjar, Iceland.
Daoi Palsson is the CEO of LAXEY, as recorded in our data.
LAXEY is a funded company, having raised a total of $187.16M across 6 funding rounds to date. The company's 1st funding round was a Series C of $44.83M, raised on Sep 2023.
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.
LAXEY offers Atlantic Salmon and Fry Production.
LAXEY has 3 investors. Key investors include Arion banki, Farvatn, and Kontrari.
LAXEY operates through Laxey.