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First Water (Iceland)

Kopavogur, Iceland · Founded 2017 · Privately Held (backing)

Operator of a salmon farming company intended to conduct sustainable aquaculture. First Water (Iceland) is based in Kopavogur, Iceland and was founded in 2017. Its last reported valuation was $176 million in Oct 2023. It has raised $422 million.

Last reported valuation
$175.9M
Oct 2026
Priced at
—
Total raised
$421.9M
Last round
—

First Water (Iceland) key facts

as of Oct 2026
  • Operator of a salmon farming company intended to conduct sustainable aquaculture.
  • First Water (Iceland) is valued at approximately $175.9M as of Oct 2026 (last reported valuation).
  • It has raised $421.9M; the latest was PE Growth/Expansion ($27.9M) in Nov 2025.
  • Notable investors include Nordurver, Brú lífeyrissjóður starfsmanna sveitarfélaga, FW Horn, Lífeyrissjóður Starfsmanna Ríkisins, Líra ehf — 7 tracked in total.
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$175.9M

First Water (Iceland)'s last reported valuation, Oct 2023. Nothing priced has surfaced since.

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First Water (Iceland) funding rounds

No rounds on record

No funding rounds for First Water (Iceland) are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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First Water (Iceland) valuation

First Water (Iceland)'s last reported valuation was $176 million in Oct 2023. No priced round, secondary trade or fund mark has surfaced since.

First Water (Iceland) investors

7 investors are on record for First Water (Iceland), including Nordurver, Brú lífeyrissjóður starfsmanna sveitarfélaga, FW Horn and Lífeyrissjóður Starfsmanna Ríkisins.

About First Water (Iceland)

Operator of a salmon farming company intended to conduct sustainable aquaculture. The company engages in the production of salmon fish through enclosed land-based farming without the use of antibiotics, enabling clients to get sustainable fish farming services.

Sector
Materials and Resources
HQ
Kopavogur, Iceland
Founded
2017
Employees
80
Ownership
Privately Held (backing)

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