About Nofitech
Nofitech is a company based in Trondheim (Norway) founded in 2011 by John Hestad and Geir Lovik.. Nofitech has completed 2 acquisitions, including CM Aqua Technologies and Ratz Aqua & Polymer Technik. Nofitech offers products and services including ModulRAS and Nofitech Academy. Nofitech operates in a competitive market with competitors including Forever Oceans, Catalina Sea Ranch, FishGLOBE, Lgem and Snrassystems, among others.
- Headquarter Trondheim, Norway
- Founders John Hestad, Geir Lovik
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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
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- Legal Name Norwegian Fishfarming Technologies As
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Annual Revenue
$17.27 M (USD)0as on Dec 31, 2021
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Net Profit
$385.25 K (USD)30as on Dec 31, 2021
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EBITDA
$499.85 K (USD)31as on Dec 31, 2021
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
CM Aqua Technologies
& 1 more
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Products & Services of Nofitech
Nofitech offers a comprehensive portfolio of products and services, including ModulRAS and Nofitech Academy. 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.
Modular solutions for fish farming production phases.
E-learning and on-site courses for aquaculture operations.
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Funding Insights of Nofitech
| 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 |
Investments & Acquisitions by Nofitech
Nofitech has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CM Aqua Technologies and Ratz Aqua & Polymer Technik. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Equipment and services for aquaculture are supplied by the company.
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2012 | ||||
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Plastic components and filters for aquaculture are fabricated.
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1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nofitech
| 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 |
Nofitech Comparisons
Competitors of Nofitech
Nofitech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Forever Oceans, Catalina Sea Ranch, FishGLOBE, Lgem and Snrassystems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aquaculture is offered via patented offshore farming technology.
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| domain | founded_year | HQ Location |
Offshore shellfish ranching is managed with integrated IoT sensors.
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| domain | founded_year | HQ Location |
Closed farming technology is developed for aquaculture sustainability.
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| domain | founded_year | HQ Location |
Controlled indoor systems for algae farming are provided by Lgem.
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| domain | founded_year | HQ Location |
Recirculatory aquaculture systems are manufactured for efficient seafood production.
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| 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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Latest news on Nofitech
Frequently Asked Questions about Nofitech
When was Nofitech founded?
Nofitech was founded in 2011.
Where is Nofitech located?
Nofitech is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
What is the annual revenue of Nofitech?
Annual revenue of Nofitech is $17.27M as on Dec 31, 2021.
What does Nofitech do?
Nofitech was established in 2011 in Trondheim, Norway, as a technology firm focused on aquaculture. Recirculating aquaculture system (RAS) solutions are developed for both seawater and freshwater environments. The modular product, ModulRAS, is designed for production stages including smolt, postsmolt, grow-out, and broodstock. Training for operating staff is offered through on-site sessions and e-learning courses. Operations center on supporting sustainable fish farming practices in the sector.
Who are the top competitors of Nofitech?
Nofitech's top competitors include FishGLOBE, Forever Oceans and Snrassystems.
What products or services does Nofitech offer?
Nofitech offers ModulRAS and Nofitech Academy.
How many acquisitions has Nofitech made?
Nofitech has made 2 acquisitions, including CM Aqua Technologies, and Ratz Aqua & Polymer Technik.