Builders Vision, the investment platform founded by Lukas Walton, heir to the Walmart fortune, has invested in Bluefront Equity’s second seafood impact fund, Bluefront Capital II.
The investment supports Bluefront’s strategy to accelerate sustainable innovation in the global seafood industry.
Builders Vision’s backing marks its first commitment to a buyout fund focused on aquaculture transformation. The firm, which deploys capital to drive systems change in food, oceans, and energy, is investing through Builders Bridge, its platform for catalytic investments in sustainability.
“From the moment we met with Builders Vision and learned about their focus on advancing the blue economy and transforming food systems, we saw strong synergies between our goals and approach,” said Kjetil Haga, partner and CEO at Bluefront.
“It was clear that their expertise in these areas would complement ours, and we thought that they would be an excellent partner for us. Thankfully, this feeling turned out to be mutual. We are proud to welcome such an internationally renowned investor to Bluefront.”
Scaling Sustainable Aquaculture
Bluefront Equity, based in Norway, targets investments in technology, software, and services that enhance sustainability across the seafood value chain.
The firm’s first fund, Bluefront Capital I, closed at $62 million in 2021. The follow-up fund, Bluefront Capital II, has already exceeded this total in commitments and will continue fundraising until mid-2025.
The fund’s first two investments include:
- Cryogenetics, a specialist in aquatic gene preservation for aquaculture and biodiversity conservation.
- Horizon Software (formerly FiiZK Digital), which provides digital tools for optimising fish farming operations.
Builders Vision is also collaborating with Bluefront to establish an Impact Advisory Council (IAC) to strengthen impact measurement and governance.
“We’re impressed with the work Bluefront is doing, and Kjetil and Simen’s deep expertise in aquaculture, combined with their strong network, puts Bluefront in a fantastic position for success,” said James Lindsay, Investment Director at Builders Vision.
“Shifting the value chains of major industries with practical, scalable solutions—like those in Bluefront’s portfolio—is essential for building a sustainable blue economy that can economically thrive while having an outsized positive impact.”
Investor Support and Industry Backing
Bluefront Capital II has attracted support from renowned Norwegian investors, including:
- Havfonn (Bergersen family office)
- Steensland group
- 3S Invest family office
- Klaveness Marine
- TD Veen
Nordic private equity firm Cubera has also invested, while US-based Commonfund joins as an international investor. Global investment firm Cambridge Associates, which advises on $569 billion in assets, has conducted due diligence on the fund.
Aquaculture as a Strategic Growth Sector
Builders Vision’s investment reflects a broader trend of impact capital flowing into aquaculture, as investors look to alternative protein sources and ocean sustainability. The firm’s focus on food system transformation aligns with Bluefront’s mission to make the seafood supply chain more sustainable, accessible, and responsibly managed.
“The world is increasingly recognizing that food shortages, pre- and post-harvest losses, unsustainable land-water-energy use, food waste, and climate change are threatening the global food supply chain,” said Simen Landmark, partner and chief investment officer at Bluefront.
“We want to make a positive impact in the seafood value chain, and we are experiencing particularly strong interest from international investors who would like to be part of the solution to these challenges.”
