LetSea

Sandness Lake, Norway Founded: 1996 • Age: 30 yrs Acquired By BioMar
Aquaculture research and training services are provided since 1996.

About LetSea

LetSea is a company based in Sandness Lake (Norway) founded in 1996 was acquired by BioMar in March 2025.. The company has 67 employees as of December 31, 2022.

  • Headquarter Sandness Lake, Norway
  • Employees 67 as on 31 Dec, 2022
  • Sectors
    Agriculture
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Letsea
Operational Areas
Agriculture → Aquaculture & Fisheries
Key Metrics
  • Annual Revenue
    $65.16 M (USD)
    36
    as on Dec 31, 2022
  • Net Profit
    $5.25 M (USD)
    200
    as on Dec 31, 2022
  • EBITDA
    $7.06 M (USD)
    102
    as on Dec 31, 2022
  • Latest Funding Round
  • Investors
  • Employee Count
    67

    as on Dec 31, 2022

  • Acquired by
    BioMar

    (Mar 11, 2025)

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Funding Insights of LetSea

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in LetSea

LetSea has secured backing from 1 investor. Prominent investors backing the company include BioMar. 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.

All
Investor Description Founded Year Domain Location
Aquaculture feed production and sustainability services in the global industry.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by LetSea

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - LetSea

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Letsea Comparisons

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Competitors of LetSea

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Letsea

Frequently Asked Questions about LetSea

When was LetSea founded?

LetSea was founded in 1996.

Where is LetSea located?

LetSea is headquartered in Sandness Lake, Norway.

Who is the current CEO of LetSea?

Kristian Johnsen is the current CEO of LetSea.

How many employees does LetSea have?

As of Dec 31, 2022, the latest employee count at LetSea is 67.

What is the annual revenue of LetSea?

Annual revenue of LetSea is $65.16M as on Dec 31, 2022.

What does LetSea do?

LetSea was established in 1996 in Sandnessjoen, Norway, focusing on the aquaculture sector. Research and training services are delivered to support industry development. Operations center on practical applications in fish farming and marine resources. Expertise is shared through educational programs and collaborative projects. The company is led by CEO Kristian Johnsen, with activities based in northern Norways coastal environment.

Who are LetSea's investors?

LetSea has 1 investor. Key investors include BioMar.

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