Matorka operates land-based aquaculture facilities in Iceland focused on producing Arctic char using recirculating aquaculture systems (RAS). The company plans to use recent capital to upgrade infrastructure and expand production capacity toward an annual 3,000-tonne target. By reaching that scale Matorka aims to position itself among the larger global producers of Arctic char. Management highlights Iceland’s access to renewable energy and cold, stable water as advantages for RAS production. The company is pursuing incremental growth while managing the capital intensity and operational risks typical of land-based aquaculture. Recent financing was fully subscribed by existing shareholders, indicating continued investor support for its expansion plans.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2026